The Convex Finance token is released from sellers’ clutches after consolidation and shows an ascending parallel channel .
Convex Finance price is trading above the 20-day moving average in terms of the daily price chart.

In terms of the hourly price chart, the RSI is trading bullish above a half-line (50-point) as well as on the daily time frame. Furthermore, the Average Directional Index ( ADX ) is spotting at 19-points, indicating a slightly bullish trend for the Convex Finance token.

There is no doubt that the bulls are dominating the convex finance token trend with the help of an ascending parallel channel . For the upcoming trading sessions, CVX holders will have to manage the token price above the $24-resistance level along with the current channel.

Support level – $15 and $10
Resistance level – $24 and $30