📊 $CVX

Technical Analysis for CVX/USDT on Binance - Target Analysis 🎯

🔹 Current Price: 5.583 USDT

🔹 24h High: 6.065 USDT

🔹 24h Low: 4.405 USDT

🔹 24h Change: +26.34%

🔹 Volume (CVX): 1.66M

🔹 Volume (USDT): 8.68M

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Technical Overview:

CVX/USDT has shown strong bullish momentum over the past 24 hours, climbing 26.34% from its 24-hour low of 4.405 USDT. The price is currently at 5.583 USDT, indicating that this uptrend might continue. Let’s analyze potential price targets in the near future.

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Target 1: 6.00 USDT

The first target is at 6.00 USDT, which aligns with a previous resistance zone near the 24h high of 6.065. If the price continues its upward trajectory, breaking through this level will likely lead to a retest of this resistance.

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Target 2: 6.50 USDT

A secondary target is around 6.50 USDT, where price may face increased selling pressure, as it approaches a psychological resistance level. It’s an ideal zone for traders looking to lock in profits if the momentum sustains.

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Target 3: 7.00 USDT

The final target is 7.00 USDT, where we could see the next major resistance based on previous price action. A breakout above this level could signify a shift in trend toward further bullish moves.

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Key Indicators:

Support Level: 5.25 USDT

Resistance Level: 6.065 USDT (Potential breakout level)

Moving Averages: MA(5) at 39,101.807; MA(10) at 81,896.604 (indicating overall upward pressure)

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📈 Strategy:

If the price holds above 5.25 USDT, expect a continuation towards 6.00 USDT and potentially higher. Traders should monitor volume for confirmation of price strength and

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