In the past four hours, CVX/USDT has shown notable price fluctuations, reflecting both market sentiment and broader crypto market trends. Starting with a slight uptick, CVX (Convex Finance) displayed a bullish sentiment initially. This rise was driven by increased buying pressure, possibly fueled by positive news or developments within the Convex Finance ecosystem.However, the upward momentum faced resistance around a key price level, leading to a pullback. This resistance might be due to profit-taking by short-term traders or encountering a psychologically significant price barrier. The retracement observed indicates that despite the initial bullish push, sellers still exert significant influence, preventing a sustained breakout.
