Convex Finance (CVX) has been experiencing a prolonged downtrend since the end of July, resulting in the token reaching a new all-time low. This has led to negative investor sentiment and skepticism about the token's ability to recover. The lack of a stable support level and the strong correlation to Bitcoin's price movements have added to concerns and downward pressure on CVX. Recently, CVX has seen a 16% drop and hit a new all-time low of $1.72, but is currently trading slightly higher at $1.86. To regain momentum, CVX would need to reclaim the support level of $1.97, but this may be challenging given the current bearish sentiment. If CVX manages to bounce off this level, it could potentially push back above $2.00.



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