DeFi · rank #170

Convex Finance CVX

$2.33-1.2% 1d+4.0% 7d+52.9% 30d

Phoenix · monthly · score 53.8 mixed

Monthly: forming bar is a green 2-Up. Last confirmed swing low 1.04 (Jul 2026), month 2 of a cycle that has typically run 5. Cycle-low confidence 36%.
Weekly: forming bar is a red inside bar. Last confirmed swing low 1.48 (Aug 2026), week 3 of a cycle that has typically run 4. Cycle-low confidence 97%.
Daily: bar is a red inside bar. Last confirmed swing low 2.18 (2026-09-04), day 3 of a cycle that has typically run 5. Cycle-low confidence 30%.
Phoenix: 88% decline over 19 months, monthly swing low confirmed (next-bar), now +124% above the trough; pullback #2 confirmed 2026-08-30.
Gauges: Mayer multiple 1.41 (neutral); -24% vs the 200-week average; -69% from the all-time high.

From the peak to today, log scale

Where it sits in each cycle

a swing low confirms only when a later bar takes out the low bar's high

stopped falling, by the rules

Score 53.8

CoinGecko + DefiLlama, pulled 2026-09-07 .xlsx

Health79 / 100 · Strong

Liquidity (24h volume / market cap) can you get out	2.38 %	6.3 / 15
Supply overhang (FDV / market cap) unlocked supply waiting to sell	1.07 x	14.5 / 15
Size (market-cap rank) survivorship	170 #	3 / 15
Usage (price / annualized fees) fees people actually pay to use it (DefiLlama)	10.0 x	20.0 / 20
TVL backing (market cap / TVL) capital parked in it (DefiLlama)	0.36 x	15.0 / 15
Fee momentum (30d vs prior 30d) is usage growing into the recovery	96.2 %	10.0 / 10
Age on Coinbase survived a cycle	4.0 yrs	10.0 / 10

7 of 7 measurable; score renormalized over what was measurable.