Convex Finance priceCVX

$CVX is showing a strong bullish breakout after reclaiming the 2.00 zone, with clear buying momentum pushing price to a recent high of 2.32. The market structure has turned positive, and bulls are defending higher lows with conviction. As long as price holds above 2.15 support, continuation toward higher resistance looks favorable. Entry Zone: 2.15 – 2.22 Target 1: 2.30 Target 2: 2.38 Target 3: 2.48 Stop-Loss: 2.07 Market sentiment remains bullish with rising demand and healthy trading volume backing the move. CVX looks ready for another upward leg if buyers sustain momentum above key levels. $CVX

30% APR paid out to $CVX lockers this week. This was round 109, meaning this has gone on now for 218 weeks (bi-weekly payments) or a little over 4 years now. Bi-weekly payments to $CVX lockers every two weeks, for four years now, without fail. One of the most consistent passive income opportunities in this entire space. Also one of the reasons I continue to hold $CVX as one of my core spot holds, years since first buying some.

Yes. Over the last year, $CVX lockers earned around .70 per locked $CVX. So if you had bought $100,000 of $CVX a year ago (Nov 10th 2024), then yes, you would have had 50,000 $CVX tokens and would have earned $35,000 in passive cash flow from locking them until today. Thats 35% APR on average, over the last 12 months.

$CVX chart is pretty gnarly and not much to work with structure wise vs $CRV which is why my focus is on the latter atm. At the end of the day if I’m bullish on the $CRV chart it essentially means $CVX will follow. Still think we may get that sweep of .35 lows on $CRV as per my last chart and if we move up from there expect $CVX to move up as well (even if there is some initial “lag”).