🚀 Technical Analysis on CVX/USDT - Targets for the Week 📊
The CVX/USDT pair has shown strong bullish momentum recently, with a notable +13.88% increase in price. As of the latest data, CVX is trading at $2.54, up from a low of $2.18 in the last 24 hours. Let's break down the key levels and targets to watch for in the coming days:
📍 Key Support & Resistance Levels
24h High: $3.897
24h Low: $2.177
Current Price: $2.54
Parabolic SAR: $2.550 (a potential reversal point, showing bullish signs)
🎯 Price Targets
1. Target 1 - $2.90:
A short-term resistance level to monitor. If the price breaks above this level, we could see a move towards the next key resistance zone.
2. Target 2 - $3.43:
This is a significant level that aligns with previous price action. A successful break here could set the stage for a continuation towards new highs.
3. Target 3 - $3.90:
The 24h high, where significant selling pressure may emerge, but if bullish momentum continues, this level is achievable.
🔍 Market Sentiment:
The market sentiment appears positive, with a strong upward trend supported by high trading volume:
24h Volume (CVX): 20.43M CVX
24h Volume (USDT): 61.25M USDT
💡 Technical Indicators:
Parabolic SAR: The indicator shows $2.550, suggesting bullish potential if the price maintains above this level.
RSI: The Relative Strength Index is currently not in the overbought zone, indicating more room for upward movement.
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