Convex Finance’s 28.5% CVX surge and volume spike fuel bullish breakout debate

Convex Finance’s CVX token jumped 28.5% in 24 hours, alongside a 12-fold rise in daily trading volume, after breaking out of a multi-week consolidation below $2. Some traders linked the move to confusion with Chevron’s CVX ticker, while others pointed to Convex’s yield appeal and improving market sentiment. Key upside levels now sit around $2.32 and $2.90, with short-term support seen near the $1.90 area.