Technical analysis by CryptoAnalystSignal about Symbol CVX: Buy recommendation (5/16/2025)

#CVXThe price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.We have a trend to stabilize above the 100 moving average once again.We have a downtrend on the RSI indicator, which supports the upward move by breaking it upward.We have a support area at the lower limit of the channel at 3.00, which acts as strong support from which the price can rebound.Entry price: 3.14First target: 3.26Second target: 3.42Third target: 3.58