🚀 $CVX /USDT: Yield Powerhouse Testing Key Resistance
Convex Finance ($CVX) is showing strong signs of life today, Jan 18, 2026, as the DeFi sector sees a renewed rotation of capital. After a "liquidity sweep" earlier this week, CVX is now pushing against major resistance levels.
🔍 Market Snapshot
* Current Price: ~$2.19 – $2.22 📈
* 24h Change: +10.14%
* 24h High/Low: $2.24 / $1.98
* Circulating Supply: ~91.48M (Max: 100M)
* Market Cap: ~$202M
📉 Technical Analysis
* Bullish Reversal: CVX has successfully bounced from the $1.95 – $2.00 support zone, confirming a "double bottom" structure on the 4-hour chart.
* Moving Averages: The price has reclaimed the 50-day EMA and is now eyeing the 200-day EMA at $2.35. A daily close above this level would signal a long-term trend shift from bearish to bullish.
* RSI (Relative Strength Index): Currently sitting at 58, indicating there is still significant "gas in the tank" before the asset becomes overbought.
* Volume Surge: Trading volume has spiked by nearly 90% in the last 24 hours, suggesting that "smart money" is accumulating at these levels.
🎯 Today's Trade Setup
* Entry Zone: $2.15 – $2.20
* Take Profit Targets:
* TP 1: $2.35 (Major Resistance)
* TP 2: $2.55 (Psychological Level)
* TP 3: $3.00 (Mid-term Target)
* Stop Loss (SL): Below $2.04
🔥 Summary
$CVX is one of the "blue chips" of DeFi yield optimization. With the broader market stabilizing, its role in the Curve Ecosystem makes it a high-beta play for traders. If BTC remains stable, expect CVX to attempt a breakout toward $2.50 this week.
Are you locking your CVX for rewards, or just trading the breakout? Let’s discuss! 👇
#CVX #ConvexFinance #DeFi #YieldFarming #BinanceSquare #CryptoAnalysis
Disclaimer: Not financial advice. The DeFi sector is highly volatile. Please manage your risk.
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