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What's Next for Very Bullish Rated Convex Finance (CVX)?

Wednesday, August 10, 2022 06:32 PM | InvestorsObserver Analysts
What's Next for Very Bullish Rated Convex Finance (CVX)?

Convex Finance (CVX) gets a very bullish rating from InvestorsObserver Wednesday. The token is up 8.44% to $7.66 while the broader crypto market is up 3.8%.

Sentiment Score - ,
Convex Finance has a Very Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Convex Finance!

Very Bullish

Over the last five days, Convex Finance has earned a Very Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Convex Finance over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Convex Finance is currently trading near its five-day high of $7.66105389668952. The token is 0.01% off its five-day high and is 15.93% higher than its five-day low of $6.61.

Convex Finance price is currently above resistance. With support set around $6.88 and resistance at $7.35, Convex Finance is potentially in a volatile position if the rally burns out.

Convex Finance has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Convex Finance

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