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The CVX market is starting to become active. The Convex Finance token has experienced a sharp rally, surging from the support level to $2.42, with a total increase of 39%. The previous resistance around $2.00 has been directly broken through, which is a good signal.
From a technical perspective, the 15-minute chart shows a typical parabolic breakout pattern. The $2.30 level (7-day moving average) is currently holding strong as support, forming an effective short-term support. If the price continues to rise, the next key resistance is around $2.68. Once this level is effectively broken, the target of $3.00+ could be within reach. The current trend is quite good, with decent volume, and it’s worth monitoring for further breakout confirmation.