CFXUSDT is showing signs of a strong bullish continuation as it emerges from a falling wedge pattern — a setup often considered a reliable reversal signal in technical analysis. As depicted in the chart, the price has been compressing within the wedge, gradually forming higher lows and now attempting a breakout from the resistance trendline. The recent green candles and growing volume suggest bulls are taking control, setting the stage for an upside move. With momentum building, traders could be looking at a potential 40% to 50% surge if the breakout sustains.
Conflux (CFX) has been gaining attention due to its unique position as a high-throughput, scalable blockchain that facilitates cross-border data and value transfer, particularly between China and the global crypto community. As regulatory clarity improves and Conflux continues to expand its ecosystem through partnerships and integrations, market sentiment has shifted in favor of the project. This renewed investor confidence is visible in the technical structure forming on the CFXUSDT chart, as smart money begins to accumulate.
The breakout target aligns with a previous high, indicating that this could be more than just a short-term rally. If volume continues to support the price action, CFX could rally toward the $0.12–$0.13 zone, which marks a critical resistance area. This creates a favorable risk-reward environment for both swing traders and position holders eyeing medium-term gains. Technical traders should watch for confirmation above the wedge and continuation candles backed by volume to validate the move.
Overall, CFXUSDT looks primed for a strong upward movement, supported by bullish technicals and increasing investor interest in the Conflux network. As the project remains fundamentally strong and gains traction in the Web3 space, this may be an opportunity to capitalize on a promising mid-cap altcoin.
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