$CVX is showing a sharp momentum shift, trading around $1.9772 (+0.56%) after jumping from $1.8837 to $2.0180.
The interesting part is the fundamental-price disconnect. Convex currently reports about $585M TVL, $2.39M in 30-day fees, and nearly $962K in 30-day revenue, while CVX remains far below its historical peak.
Key levels:
Support: $1.93-$1.88
Resistance: $2.02
Above $2.02: breakout confirmation
Below $1.88: structure weakens
The chart is improving, but the bigger question is whether rising protocol activity can finally translate into sustained demand for $CVX.
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