The latest news and hot topics around Convex Finance (CVX) and its price analysis are quite interesting. The cryptocurrency has been showing signs of a bullish trend, with a notable increase in its trading volume and market capitalization.
Over the past week, the price of CVX has been relatively volatile, with significant fluctuations observed. It started the week at a high of $3.43 and dipped to a low of $2.8215 on Wednesday. However, the price has since rebounded and is currently trading at around $3.20.
The positive momentum in CVX's price is also reflected in its technical indicators. The Moving Average Convergence Divergence (MACD) indicator has crossed bullishly, which is often seen as a sign of a potential rally. Additionally, the Relative Strength Index (RSI) is hovering around the 50-60 range, indicating a neutral to slightly bullish sentiment.
In terms of market capitalization, CVX currently stands at around $263.32 million, with a circulating supply of 81.99 million CVX tokens. The 24-hour trading volume has also seen a significant increase, reaching $41.26 million.
The overall sentiment in the market seems to be bullish, with many analysts predicting further upside potential for CVX in the coming weeks and months. However, as with any investment, it's important to conduct your own research and consider the risks involved before making any decisions.