# Covalent

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📊 CXT/USDT Analysis: Nearly 100% Surge—Breakout or Just a Short Squeeze?
CXT (Covalent) is drawing attention after recording an almost 100% increase in a single day. After spending some time in a downtrend, the price finally broke through a resistance area with a bullish candlestick supported by strong momentum.
Technically, the price has now managed to move above the EMA 5, EMA 10, and EMA 30, while the MACD is starting to turn back toward positive territory, indicating a momentum shift from bearish to bullish.
However, such a rapid rise also increases the risk of profit-taking in the shor
CXT51.89%
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GLOBALCUAN:
HODL Tight 💪
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