In terms of technical analysis, the Relative Strength Index (RSI) is showing positive readings, indicating that bulls are still in control of the market. Additionally, the moving averages are showing strong buy signals, reinforcing the positive outlook for the coin.

Looking ahead, analysts expect CVX to continue to grow as the user base expands and the amount of invested liquidity increases. This is attributed to ongoing innovations and integrations with other DeFi systems, which will strengthen CVX’s position in the market and provide greater investment opportunities for users. $CVX