Convex Finance (CVX) is currently trading at $2.12, experiencing a 6.99% increase over the last 24 hours. The price fluctuated between a low of $1.95 and a high of $2.18 during this period, indicating a daily range of 0.23%.

The trading volume stands at approximately 15.6 million, representing a volume-to-market cap ratio of 8.03%. This suggests a moderate level of trading activity relative to the overall market capitalization, providing some liquidity for traders.

In terms of moving averages, the short-term 8 SMA is at $2.12, reflecting a slight decrease of 0.23%, while the 13 SMA has a positive trend of 0.92% at $2.10. Longer-term averages show a consistent upward trajectory, with the 21 SMA at $2.06 (+3.01%) and the 55 SMA at $1.98 (+6.82%), indicating bullish momentum.

The 1-hour RSI is at 64, suggesting that CVX is approaching overbought conditions, while the 7-day RSI is more neutral at 53. This divergence indicates short-term strength but warns of potential price corrections if overbought conditions persist.

Over the past week, CVX has increased by 19.29%, marking a strong recovery phase following a 14-day increase of 5.27%. However, the 30-day price change shows a slight decline of 1.31%, indicating some volatility and potential resistance levels that need to be addressed.

Given that the all-time high of CVX is significantly above the current price at $60.09, there remains substantial upside potential. Nevertheless, the recent price action suggests that the market is currently consolidating, and investor sentiment appears cautiously optimistic.

Based on the current analysis, a "Hold" rating is recommended. While the recent bullish momentum is encouraging, the overbought conditions reflected in the RSI and the potential for price corrections warrant caution before further accumulation.