Convex Finance's CVX token surged 28.5% in 24 hours, with daily trading volume skyrocketing 12 times, breaking through months of consolidation below $2. Technical indicators have turned bullish, with key resistance levels at $2.32 and $2.90. While noting the superficial connection to Chevron stock, analysts attribute this move to improved altcoin sentiment and the fundamentals of CVX's yield optimization protocol, suggesting that a pullback to $1.90 could present a buying opportunity.