The $CVX /USDT pair is showing positive movement with a +11.12% increase over the past 24 hours. The current price stands at $4.33, suggesting a strong bullish trend, supported by the growing DeFi sector.
Key Price Levels:
24h High: 4.411 USDT
24h Low: 3.742 USDT
Trading Volume:
24h Volume (USDT): 5.57M USDT
Price Action Breakdown:
Current Price: 4.337 USDT
Recent Depth:
Highest bid: 4.445 USDT
Lowest ask: 3.742 USDT
Price Levels:
15m: 4.337
1h: 4.199
4h: 3.954
1D: 3.742
Trend and Outlook:
$CVX has been experiencing consistent upward movement, with a +11.12% gain in the past 24 hours, reaching the $4.411 high. The volume confirms healthy market activity, with significant trading interest across both CVX and USDT pairs.
The price is currently approaching key resistance at $4.445, which could act as a barrier for further upside in the short term. On the other hand, if the price retraces, $3.742 is a strong support level to watch, as it has held in recent 24-hour trading.
Market depth shows bids supporting higher prices, but there are still opportunities for buying closer to the $3.742 level.
Conclusion:
The CVX/USDT pair remains a strong gainer, with the potential for further bullish action, especially if the price breaks the resistance at $4.445. However, careful attention to key support levels is necessary to manage risk effectively.
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