🚨
$CVX /USDT Market Update: Bounce Back or More Pain? 🚨
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. Here’s the latest breakdown:
🔍 Key Price Levels:
📉 24H Low: $4.03 – Key support zone holding strong.
📊 Current Price: $4.15 – Attempting a bounce.
📈 24H High: $5.25 – The next major resistance for bulls.
🔥 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.
💡 What’s Next?
1️⃣ Support Zone: Watch for sustained buying pressure above $4.00 to confirm a bottom.
2️⃣ Upside Potential: A push toward $4.50–$4.75 could signal a short-term recovery.
3️⃣ Bearish Scenario: If $4.00 fails, $3.80 might be the next stop.
🔑 Trading Tips:
✅ Use tight stop-losses to protect your capital in this volatile range.
✅ Look for a breakout above $4.25 to confirm bullish momentum.
✅ Accumulate cautiously if you believe in CVX’s long-term growth.
Are you bullish or bearish on
$CVX ? Let us know your targets below! 🚀
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