$CVX

/USDT Technical Analysis

The recent performance of CVX/USDT shows a strong upward trajectory, making it an attractive option for traders. Let's break down the technical outlook and potential price targets:

Current Price: $4.46 (+40.59%)

Key Resistance Levels:

🎯 Target 1: $4.80 – Immediate resistance, breaking this could signal continued bullish momentum.

🎯 Target 2: $5.20 – A significant psychological level that may act as a medium-term target.

🎯 Target 3: $5.50 – A long-term resistance where traders might book profits if the bullish trend sustains.

Support Levels:

$4.20 – Immediate support to watch in case of a pullback.

$3.80 – Strong base support indicating a safe zone for buyers.

Market Sentiment:

With CVX gaining over 40% recently, the market sentiment remains optimistic. Watch for high volume and consistent price action for confirmation.

Pro Tip: Keep an eye on global market factors and trade with proper risk management.

Are you bullish or bearish on CVX? Share your insights!