đš $CVX /USDT Market Update: Bounce Back or More Pain? đš
The $CVX market has been in the red, dropping -17.08% today to hit $4.15, but signs of recovery are emerging as buyers step in at critical support levels. Hereâs the latest breakdown:
đ Key Price Levels:
đ 24H Low: $4.03 â Key support zone holding strong.
đ Current Price: $4.15 â Attempting a bounce.
đ 24H High: $5.25 â The next major resistance for bulls.
đ„ Market Sentiment:
Sharp Sell-Off: Heavy profit-taking has led to a significant dip.
Volume Check: $8.3M in USDT volume suggests traders are active, looking for opportunities.
đĄ Whatâs Next?
1ïžâŁ Support Zone: Watch for sustained buying pressure above $4.00 to confirm a bottom.
2ïžâŁ Upside Potential: A push toward $4.50â$4.75 could signal a short-term recovery.
3ïžâŁ Bearish Scenario: If $4.00 fails, $3.80 might be the next stop.
đ Trading Tips:
â Use tight stop-losses to protect your capital in this volatile range.
â Look for a breakout above $4.25 to confirm bullish momentum.
â Accumulate cautiously if you believe in CVXâs long-term growth.
Are you bullish or bearish on $CVX? Let us know your targets below! đ
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