Technical analysis by CryptoAnalystSignal about Symbol CVX: Buy recommendation (5/28/2025)

#CVXThe price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.We are seeing a bounce from the lower boundary of the descending channel, which is support at 2.97.We have a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend.We are looking for stability above the 100 Moving Average.Entry price: 3.30First target: 3.43Second target: 3.59Third target: 3.77