Convex Finance – Buy Sell Signals
Convex Finance: Buy or Sell? Select One
CVX Trader Sentiment
- June 17th: +0%
- June 19th: +20%
- July 23rd: +34%
- June 30th: +34%
- August 16th: +38%
- August 29th: +46%
Convex - Bullish Bearish Signals [Weekly]| Overall Outlook | Bearish |
| Technical Signals | Bearish |
| Influencer Signals | Neutral |
- Convex Finance has seen a steady increase in its number of holders. On August 1st, CVX had approximately 23,927 holders, and by August 23rd, this number had risen to 24,382, adding 455 new holders this month. Despite this growth in holders, CVX has been trading negatively over the past 30 days. 95% of the Tokens are held by the Top 100 Holders, this makes predictions unreliable.
- August 29th: The $2 level is now a strong area of support for CVX. Whales and Market Makers are making another attempt to breach the $2.5 level. The lack of trading volumes is likely to restrict CVX below $2.5 for now. A recovery in the broader market could take CVX back to $3.5 level again this year. Read the detailed Technical analysis in the next section.
- August 23rd: The token is currently priced above $2 but has lost about 96% of its value since its all-time high (ATH). The immediate goal for CVX is to maintain its price above $2, with a short-term target of reaching $3.
Check out the latest Price Predictions and Investment analysis by clicking the tabs at the top of this screen
Convex Finance – Technical Analysis
In the next few days, the overall sentiment for CVX crypto price is Neutral. The first level of support for CVX is at $1.27 while the first level of resistance for CVX Price is at $1.33. CVX is likely to trade in the range between $1.27 and $1.33 for now. The Signals Table above encompasses other factors including social media.
Summary: Neutral
| Technical Indicators: | Strong Buy | Buy: (4) | Sell: (2) |
| Moving Averages: | Strong Sell | Buy: (3) | Sell: (5) |
Oscillators
The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 54.30, which indicates that the CVX market is in a Buy position.
The Moving Average Convergence Divergence (MACD) is a popular technical analysis indicator used to analyze financial markets, including the cryptocurrency market which signals to Sell (below 0) or Buy (above 0). Currently, the MACD value is at 0.004323, which indicates that the CVX market is in a Buy position.
| Name | Value | Action |
|---|---|---|
| RSI | 54.30 | Buy |
| CCI | 122.22 | Sell |
| Awesome Oscillator | 0.05856 | Buy |
| Momentum | 0.07800 | Buy |
| MACD | 0.004323 | Buy |
| StochRSI | 84.05 | Sell |
| Williams’ %R | -37.07 | Neutral |
| Ultimate Oscillator | 48.70 | Neutral |
Moving Averages
| Name | Value | Action |
|---|---|---|
| SMA (10) | 1.25 | Buy |
| SMA (50) | 1.28 | Buy |
| SMA (100) | 1.52 | Sell |
| SMA (200) | 1.73 | Sell |
| EMA (10) | 1.25 | Buy |
| EMA (50) | 1.31 | Sell |
| EMA (100) | 1.47 | Sell |
| EMA (200) | 1.74 | Sell |
Pivot Points
Based on today's classical pivot point (P) with the value of $1.31, CVX has support levels of $1.27, $1.25, and the strongest at $1.21. Similarly, CVX resistance levels are at $1.33, $1.37, and $1.39.
| Classic | |||||||
|---|---|---|---|---|---|---|---|
| S3 | S2 | S1 | P | R1 | R2 | R3 | |
| $1.21 | $1.25 | $1.27 | $1.31 | $1.33 | $1.37 | $1.39 | |
- RSI - Relative Strength Index
- CCI - Commodity Channel Index
- MACD - Moving Average Convergence Divergence
- SMA - Simple Moving Average
- EMA - Exponential Moving Average
Check out Technical Analysis for other cryptos by using our Technical Analysis Calculator
- August 16th: Convex Finance has lost over 95% of its value from its previous all-time high. However, over the last 30 days, CVX has been trading positively. For CVX $2 is an important support while the short-term target is retesting the $5. Convex Finance could potentially face resistance at around $2.5 and then $3 before it makes a move to clear $5. CVX is heavily driven by whales the Top 100 holders holding 95% of the CVX tokens. CVX has around 25K holders.
- August 16th: Convex Finance released a new frontend that focuses on speed and performance improvements. The new site provides faster loading and navigating between the pages on the site has also been faster. Convex Finance also retired the use of Google fonts to improve its privacy and security.
- July 30th: Convex finance surged higher again today but once again hit the $3.5 resistance. There are 24k holders with the Top 100 holders owning 95% of the Tokens. Given this situation, CVX is heavily driven by Whales. CRV will need to move higher for CVX to surge closer to $5.
- July 23rd: Convex finance is up 50% over the last 3 weeks. The next target is $3.5 but CVX is currently overvalued.
- June 13th: Analysis by CurveCap: Michael Egorov’s streak of avoiding liquidation ended last night. Despite predictions of a Curve protocol “death spiral,” only token prices fell, not to zero. Curve DEX TVL slightly increased. Flywheel protocols and $CRV wrappers remain strong. $crvUSD briefly depegged upwards but stabilized. Llama Lend saw partial bad debt conversion, mostly repaid. Other lenders like Silo, Frax, and Inverse handled the situation well.
- June 19th: According to CRV -The veCRV wrappers ecosystem is performing well, with positive indicators from Convex Finance, StakeDAO, and Yearn Finance.
Note: Please consult a registered investment advisor to guide your financial decisions.