$CVX /USDT has surged +20.27% in the last 24 hours, with the price reaching $4.90, a high of $5.166, and a low of $3.932. The market is showing strong bullish momentum, supported by high trading volume of 2.92M $CVX and $13.53M USDT.
Key technical levels to watch:
Resistance: $5.166 (breakout above could target $5.238)
Support: $4.715 (strong support) and $3.932 (24H low)
The MACD remains bullish, but Bollinger Bands suggest the price is approaching overbought conditions, signaling a potential pullback.
Trading Strategy:
A breakout above $5.166 could drive prices to $5.238.
Range traders can capitalize within the $4.715–$5.166 range.
Watch for signs of profit-taking or consolidation at resistance levels.
$CVX /USDT is showing strong bullish behavior today, but traders should remain cautious of potential short-term corrections as the price nears key resistance.
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