The cryptocurrency Conflux (CFX) shows signs of establishing itself for a major momentum change following its months of price depreciation. The daily CFX/USDT price chart demonstrates a downward pattern that exists within specified declining parameters. Price action indicates an evolving situation which might transform current market behaviors during the near term.
Return to a bullish trend becomes more likely as Conflux (CFX) exits its long-lasting downward pattern.
Once CFX maintains levels above $0.08324 it should open up a 100% price increase potential toward $0.1600.
A failure to maintain support above the breakout might force CFX to reconsider its position at $0.07886.
