$CVX Headline: 🚀 $CVX Breakout Alert: Whales are Accumulating! Is DeFi Season Back?
The DeFi sector is heating up, and Convex Finance ($CVX) is showing strong signs of a trend reversal! After weeks of consolidation, we are finally seeing some massive on-chain movement.
Key Highlights:
✅ Technical Breakout: CVX recently cleared the crucial $1.95 resistance level. With the Daily RSI sitting at 58, there’s still plenty of room for upward momentum before it hits "overbought" territory.
✅ Whale Accumulation: Recent data shows a significant increase in whale wallet balances. Large players are quietly filling their bags while the price is in the accumulation zone.
✅ Target Levels: The immediate target is the 200-day MA around $2.25. If it holds above this, we could see a push toward $3.00+ later this year.
Why Convex?
As a powerhouse in the Curve ecosystem, CVX remains a fundamental piece of the DeFi puzzle. High turnover (over 5% in 24h) suggests intense market interest. However, stay cautious of volatility as the turnover is driven by speculative volume.
Strategy: Keep an eye on the $1.90 support. If it holds, the path to $2.50 looks clear! 📈#MarketRebound #HarvardAddsETHExposure
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