🔍 $CVX 💯💯💯 It will dump bearish 💯

/USDT Technical Analysis

The CVX/USDT pair is experiencing high volatility, with prices dropping significantly by 29.97% in the past 24 hours, trading at $3.635. Here's a breakdown of the key levels and trading insights:

Key Levels:

Resistance: $4.800 (near-term resistance based on 15m chart)

Support: $3.620 (current 24h low, critical for buyers to defend)

Market Overview:

24h High: $5.191

24h Low: $3.620

Trading Volume:

CVX: 2.52M

USDT: $10.69M

Technical Indicators:

RSI: Oversold zone, indicating potential reversal.

Moving Averages (15m): Bearish, with price trading below key moving averages.

MACD: Bearish momentum dominant, but potential divergence forming.

Potential Scenarios:

1. Bullish Case: A break above $4.000 could trigger a short-term rally toward $4.400–$4.800.

2. Bearish Case: Failure to hold $3.620 may lead to further declines toward $3.500 or lower.

🔔 Trading Tip: Monitor volume spikes and RSI levels for signs of a reversal. Ensure proper risk management, as volatility remains high.

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