$CVX is showing strong recovery momentum on the 4H chart after defending the major demand zone. Price bounced cleanly from the $1.60–$1.65 support area and is now printing higher highs and higher lows, which signals a short-term trend reversal. Buyers are active and volume expansion supports this move, keeping the structure bullish as long as price holds above key support.
Support: $1.72 – $1.70
Resistance: $1.90 – $2.00
If CVX holds above the $1.75 zone, continuation toward higher levels is likely. A clean break above $1.90 can accelerate the move further.
Targets:
🎯 $1.90
🎯 $2.05
🎯 $2.20
CVXUSDT
Perp
1.79
-2.29%