The CVX is up 11%; the Inversors’ Observer Sentiment Score is bullish.

People are very optimistic about Convex Finance (CVX), which is up more than 11% while the rest of the cryptocurrency market is down.

Over the last five days, the InvestorsObserver Sentiment Score has given CVX a bullish rating. This score takes into account a number of things, such as how CVX has done in terms of volume and price movement over the last five days.

This score gives investors a quick summary of how the cryptocurrency has been doing. This could be very helpful for short-term investors who want to ride a rally and for long-term investors who want to buy the dip.

At the moment, the price of CVX is above the resistance. With the support for the cryptocurrency set at $3.86 and the resistance at $4.77, CVX could be in a very volatile position if the rally ends.

CVX / TetherUS 1D (Source: CoinMarketCap)

CVX has also been trading at very low volume as of late. In other words, CVX’s volume has been much lower than its average volume over the past week or so.

On the other hand, CoinMarketCap says that CVX’s 24-hour trading volume has grown by about 165 percent and is now at $82,846,533.

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