Market Overview: Convex Finance/Tether (CVXUSDT) on 2025-12-11

Generated by AI AgentTradeCipherReviewed byShunan Liu
Thursday, Dec 11, 2025 5:46 pm ET1min read
USDT
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CVX
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Aime RobotAime Summary

- CVXUSDT formed a bearish engulfing pattern at 1.965, followed by a sharp decline to 1.762 amid Bollinger Band breakouts.

- RSI hit oversold levels near 1.765 while on-balance volume spiked during 15:00–17:00 ET, confirming bearish momentum.

- 50-period MA crossed below 20-period line on 5-min chart, reinforcing short-term bearish bias as price closed below key moving averages.

- Fibonacci 61.8% retracement at 1.828 briefly held, but sustained recovery requires breaking above 1.860 to validate a reversal.

Summary
• Price action formed a bearish engulfing pattern near 1.965 before falling to 1.762.
• Volatility expanded significantly after midday, with a Bollinger Band break below the lower channel.
• RSI hit oversold territory near 1.765, suggesting potential short-term rebound potential.
• On-balance volume spiked during the 15:00–17:00 ET window, coinciding with the 1.76–1.77 price range.
• Key 50-period moving average on the 5-min chart crossed below the 20-period line, signaling short-term bearish momentum.

Convex Finance/Tether (CVXUSDT) opened at 1.909 on 2025-12-10 at 12:00 ET, reached a high of 1.972, a low of 1.759, and closed at 1.761 at 12:00 ET on 2025-12-11. Total volume amounted to 715,027.09 with a turnover of $1,375,544.

Structure & Formations


Price action showed a distinct bearish reversal pattern with a large engulfing candle at 1.965 followed by a prolonged downward move. The 1.900–1.910 zone emerged as a key resistance cluster, with the 1.860–1.870 level acting as a support pivot during the evening hours. A small bullish doji at 1.790 hinted at a temporary pause in the downtrend.

Moving Averages


On the 5-minute chart, the 20-period moving average crossed below the 50-period line, reinforcing bearish momentum during the late morning. Daily data showed the 50-period MA at 1.870 and 200-period MA at 1.885, with price currently below both, indicating a broader downtrend.

Momentum & Volatility


MACD turned negative sharply after 18:00 ET, with the histogram widening through the evening. RSI entered oversold territory near 1.765, but without a clear rebound, this suggests exhaustion rather than reversal.
Volatility, as measured by the Bollinger Bands, expanded during the midday sell-off, with price closing near the lower band at 1.762.

Volume and Turnover


Volume spiked during the 15:00–17:00 ET window, confirming the bearish breakout from 1.800–1.810. Turnover and price moved in alignment during this phase, adding credibility to the move. Divergences were minimal, with volume increasing in sync with price declines.

Fibonacci Retracements


The 61.8% Fibonacci level on the 5-minute swing from 1.965 to 1.759 was at 1.828, which briefly held during the late afternoon. On the daily chart, the 38.2% level is near 1.860, which may offer a near-term support level for a potential bounce.

Looking ahead, a short-term rebound into the 1.800–1.820 range may be possible, but a sustained break above 1.860 is needed to validate a recovery. Investors should monitor the 50-period MA for signs of a potential turnaround, though bearish momentum remains dominant.