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A Bullish Pattern In Play Sets Convex Finance Coin To Surpass $8

coingape.com

February 2023 brought a correction phase in the majority of major cryptocurrencies. As a result, the Convex Finance coin turned down from the $7.1 resistance and tumbled 23.75% down to reach $5.5 support.

Read in Full: coingape.com
Bitcoin CVX
$ 2.631

Timeline of Convex-finance


Convex Finance Coin On A Winning Streak Aims 22% Rise; Enter Now? - Coingape

Unlike the majority of major cryptocurrencies, the convex finance coin started its recovery rally a bit late, that is, from the second week of January. However, this altcoin made up for the lost time, as it witnessed a nearly perpendicular growth in the last ten days.


How Convex Finance [CVX] struck another tone as DeFi TVL hits 22-month low - AMBCrypto

In spite of its sixth position on the Total Value Locked (TVL) standings, Convex Finance [CVX] failed to send the DeFi TVL to its lowest since February 2021. The Curve Finance [CRV]-based staking platform defied the trend shown by other top protocols, leading to a 34.44% increase in the last 30 days.


Will Convex Finance Price Rally Hit Its Target $5.7 Mark? - Coingape

The Convex Finance (CVX) price stands at the neckline resistance($6) of an inverted head and shoulder pattern. A bullish breakout from this resistance offset the ongoing consolidation and bolstered a new recovery rally for CVX.


Convex Finance: 13 unlocks later, CVX stands far from investor anticipation  - AMBCrypto

Convex Finance, a DeFi protocol built on Curve Finance, commenced unlocking its CVX tokens as of 30 June. This was undertaken to combat the limited liquidity crisis that hindered the swapping of CVX tokens to Ethereum [ETH] on its protocol.


Uniglo (GLO) Price Explosion Due to Price Action of Competing Protocols Like Convex (CVX) and Kusama (KSM) - CoinPedia

A new project in decentralized finance (DeFi) is surging and could be making its way to the top 50 list of cryptocurrencies. We are talking about Uniglo (GLO), one of the latest project additions to the Ethereum blockchain. This surge says a lot considering that the Uniglo project has yet to publicly launch.


Eight unlocks down, could this be the key to CVX's price action - AMBCrypto

It hasn't been a good time for CVX holders lately, with the altcoin falling by a significant margin on the charts lately. Convex Finance is a DeFi protocol housed within Curve Finance.


CVX Price Analysis: CVX Prices North March Aims For $9 Resistance - Coingape

The Convex Finance (CVX) price started the new week with a decisive breakout from the $7 resistance. Following a three days retest, altcoin resumed the prevailing recovery, charging straight to the next supply region of the $9 mark.


Convex Finance [CVX]: With 14 unlocks left to go, investors can… - AMBCrypto

Convex Finance, a DeFi protocol built on Curve Finance, on 30 June, commenced unlocking its CVX tokens. This resulted from limited liquidity to allow for swapping CVX tokens to Ethereum (ETH).


CVX Price Analysis: Reversal Pattern Breakout may Shoot CVX Price to $9 - Coingape

On July 5th, the Convex Finance (CVX) price triggered a double-bottom pattern breakout as buyers pierced the $5.55 neckline. Moreover, if the coin price shows sustainability above this resistance, the accelerated buying momentum will propel the recovery march to the $9 mark.


Logarithmic Finance (LOG) Compared to Convex Finance (CVX) In Market Potential - Dailycoin

Today's cryptocurrency market is filled with thousands of projects that seek to contribute to the growing acceptance of blockchain technology. Several of these projects need to operate on a blockchain network, and most of them resort to the Ethereum (ETH) blockchain.

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