Market Overview for Convex Finance/Tether (CVXUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Monday, Dec 29, 2025 6:13 pm ET1min read
CVX
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Aime RobotAime Summary

- CVXUSDT price dropped sharply to 1.810, forming a bearish engulfing pattern below key support at 1.820.

- RSI signaled oversold conditions near 1.782, but downward momentum persists as price clings to lower Bollinger Bands.

- Surging volume during the decline and 61.8% Fibonacci retracement at 1.810 suggest potential short-term consolidation, though bearish pressure remains strong.

- Traders should monitor a potential break below 1.800, with long-term support at 1.795–1.790 and volatility risks remaining key concerns.

Summary
• Price declined sharply from 1.835 to 1.810, with a bearish engulfing pattern at session highs.
• RSI signaled oversold conditions briefly, but momentum favors the downside.
• Volatility expanded significantly, with price near lower Bollinger Bands at 1.80–1.81.

Convex Finance/Tether (CVXUSDT) opened at 1.825 on 2025-12-28 at 12:00 ET, hit a high of 1.845, a low of 1.782, and closed at 1.804 by 12:00 ET on 2025-12-29. The 24-hour volume amounted to 646,630.67 units, with a notional turnover of 125,931.70.

Structure & Formations


The 5-minute OHLCV data shows a strong bearish trend, marked by a large engulfing candle around 12:00–12:30 ET and a key breakdown below 1.820, which appears to be a critical support-turned-resistance. A bearish divergence appears in price and RSI at the session low, suggesting exhaustion may be setting in around 1.80–1.81.

Moving Averages


Short-term moving averages (20/50-period) on the 5-minute chart are well below current price, reinforcing the downward trend. On the daily chart, the 50-period moving average is likely near 1.83–1.84, a level now acting as resistance.

MACD & RSI


MACD turned bearish with a strong negative crossover earlier in the session, and RSI entered oversold territory multiple times during the decline, most recently near 1.782. This suggests there may be a temporary bounce, but overall momentum remains bearish.

Bollinger Bands


Volatility expanded sharply as price moved from the upper to lower Bollinger Band, with recent price action near the lower band (1.80–1.81) indicating a potential short-term floor. A retest of the midline at ~1.825 could trigger a countertrend move.

Volume & Turnover


Volume surged during the sharp decline between 12:00 and 14:00 ET, with turnover confirming the bearish breakdown below 1.820. A volume spike near 1.810 suggests short-term equilibrium may be forming, but bearish pressure remains strong.

Fibonacci Retracements


Key Fibonacci levels from the major 5-minute swing show 1.810–1.805 as the 61.8% retracement level, aligning with recent price consolidation. A break below 1.800 could trigger deeper 78.6% retracement levels.

Looking ahead, a retest of 1.815–1.820 could test immediate buyers, but bearish momentum may keep pressure on the pair for at least the next 24 hours. Traders should watch for a decisive break below 1.800 and potential long-term support at 1.795–1.790. As always, volatility remains a key risk.