Market Overview for Convex Finance/Tether (CVXUSDT): Strong 24-Hour Move

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Dec 13, 2025 5:18 pm ET1min read
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Aime RobotAime Summary

- CVXUSDT surged above 1.81 with high-volume rallies, confirming a bullish breakout and testing 1.83 resistance.

- RSI overbought levels and MACD expansion suggest strong momentum, while price exceeded upper Bollinger Band volatility thresholds.

- Key support at 1.79 remains intact, with Fibonacci analysis indicating potential continuation toward 1.85 but caution needed on overbought conditions.

Summary
• Price surged above 1.81, forming a bullish breakout with confirmation on high-volume rallies.
• RSI and MACD show strong positive momentum, suggesting further upside potential.
• Volatility expanded as the pair extended beyond the upper Bollinger Band.
• Volume was highest in the afternoon and early evening, aligning with price advances.
• A key support level appears to have formed near 1.79, with no bearish reversal confirmed yet.

Convex Finance/Tether (CVXUSDT) opened at 1.754 on 2025-12-12 12:00 ET and closed at 1.825 by 12:00 ET on 2025-12-13. The price hit a high of 1.838 and a low of 1.753, with a total volume of 53,805.03 and a turnover of 94,787.94.

The 24-hour period saw a strong upward trend, with a breakout above key resistance levels near 1.81 and 1.82. The price has held above the 20- and 50-period moving averages on the 5-minute chart, indicating continued bullish bias.

Structure & Formations


A strong bullish engulfing pattern developed at the 1.81 level, followed by a continuation into the 1.82 range. Key support at 1.79 and resistance at 1.83 were clearly defined. A small doji formed at 1.823, signaling potential consolidation after the rally.

Moving Averages


The price closed above both the 20- and 50-period moving averages, reinforcing the bullish setup. On the daily chart, the 50- and 200-period lines were in a bullish crossover, suggesting a favorable trend continuation.

Momentum and Volatility


MACD remained in positive territory with expanding histogram bars, reflecting strong upward momentum. RSI hit overbought levels near 70, but no immediate reversal signs emerged. Volatility increased as the pair moved above the upper Bollinger Band, signaling heightened interest.

Volume and Turnover


Volume spiked during the afternoon and early evening, coinciding with the price breaking above 1.81. Notional turnover followed suit, confirming the bullish price action. No material divergence was observed between price and turnover.

Fibonacci Retracements


The recent 5-minute rally from 1.766 to 1.838 saw the price testing the 61.8% retracement level at 1.807 before extending beyond it, suggesting strong demand. On the daily chart, the move appears to be within the 50-78.6% Fibonacci range, consistent with a continuation of the uptrend.

The pair appears to have strong near-term upside potential, with a likely test of 1.85 as the next target. However, a pullback toward 1.79 could test buyers’ conviction, and investors should remain cautious of overbought conditions.