🔍 A good location for this altcoin?
Convex Finance (CVX) has been fluctuating between $1.6 and $5 since 2024. After a sharp decline since July, the price is back on the support at $1.6. Will CVX bounce back? I share with you the conditions to have on this asset to be optimistic again…
Bullish signal:
👉 maintaining support at $1.6 and the low at $1.57 at closing
👉 rebound above the moving averages (EMA13/MA30)
👉 closing above $2.33
👉 bullish RSI (rise above 39)
Target:
🔜 resistance around $5
CVX
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