Convex Finance (CVX) is currently priced at $1.89, showing a modest 24-hour change of 1.03%. The daily trading range has been tight, with a high of $1.91 and a low of $1.74, indicating consolidation around this price level after a significant price decline over the past month.

The trading volume of approximately $10.24 million represents 5.89% of the market cap, suggesting moderate interest among traders. Short-term moving averages reflect a positive bias, with the 8 SMA at $1.83 showing an increase of 3.21%, while the 144 SMA at $1.94 indicates potential resistance as it is down 2.72%.

The 1-hour RSI at 55 suggests that CVX is neither overbought nor oversold, which is a neutral stance for short-term traders. However, the 7-day RSI at 43 indicates that CVX is approaching oversold territory, suggesting potential downward pressure if momentum does not shift.

Over the last week, CVX has declined by approximately 9.95%, and the 14-day and 30-day changes of -6.07% and -11.52% highlight an ongoing bearish trend. Despite the recent price action, the significant gap to the all-time high of $60.09 remains a point of concern for long-term investors.

Considering the current price dynamics and technical indicators, the outlook for CVX appears cautious. The resistance level around $1.94 needs to be breached for a bullish reversal, while current downward momentum may continue if buyers do not step in.

In conclusion, the recommendation for CVX is to Hold. While short-term indicators show some positive momentum, the broader trend remains bearish, and without clear signs of recovery, maintaining current positions is prudent until further clarity emerges.