$CVX
/USDT Technical Analysis – Eyeing Key Targets 🎯
The CVX/USDT pair is showing strong momentum, currently trading at $2.49, up 16.59% in the last 24 hours. Here’s a breakdown of the key levels to watch:
🎯 Target 1: $2.70
A short-term resistance level. Breaking this could confirm bullish strength. Watch for increased volume near this level.
🎯 Target 2: $3.00
A critical psychological barrier. If breached, it might signal a strong uptrend continuation.
🎯 Target 3: $3.50
The ultimate target for this run. Reaching here could indicate a solid breakout from the recent consolidation phase.
Key Indicators:
RSI: Trending upwards, suggesting room for more gains before overbought levels.
MACD: Bullish crossover on the 1D chart indicates growing momentum.
Support Zones: $2.30 and $2.00, offering a cushion if the price retraces.
Keep monitoring these levels and adjust your strategy accordingly. Remember, the market is dynamic—trade wisely!
What’s your prediction for CVX? Let’s discuss below!