$CFX

🧯🧯 CFX MIGHT DUMP, M IN THE CHART ⚠️⚠️

📉📉Conflux (CFX) is flashing major warning signs—and technicals are starting to align for a potential breakdown.⚡⚡

⛔⛔The chart is forming a textbook “M” pattern, a classic double top, which often signals a reversal from bullish to bearish.📛📛

🧱🧱This formation is appearing at a key resistance zone, and price has failed multiple attempts to break above it.📐📐

📊📊Momentum indicators confirm the bearish tone:

📉📉RSI is rolling over from overbought levels, indicating weakening buying pressure.🪫🪫

🧮🧮MACD just crossed downward, and the histogram is deepening in red—a classic signal of fading bullish momentum.🪓🪓

📎📎Volume is dropping on green candles while increasing on red—showing sellers are dominating the tape.📤📤

🚪🚪Structure-wise, CFX has formed lower highs while sitting on a weakening support level.🔻🔻

🪨🪨If that support gives out, there’s a lack of strong demand zones below—meaning a breakdown could be sharp and fast.🕳️🕳️

📌📌The “M” pattern’s neckline is the critical level to watch; once it breaks, the dump may intensify.🚨🚨

🛰️🛰️On-chain metrics aren’t offering much relief either:

📤📤Exchange inflows are ticking up, suggesting more CFX is being sent in to potentially sell.📦📦

🔍🔍Wallet data reveals reduced accumulation from key holders—indicating smart money is playing cautious or rotating out.📉📉

📵📵Sentiment across crypto communities is cooling off, with fewer mentions and reduced social buzz.💤💤

🧠🧠Fundamentally, there’s no major catalyst on the horizon to reverse momentum, and macro market conditions are still unstable.⛈️⛈️

🔒🔒CFX bulls must hold key support levels to avoid a cascade, but indicators suggest pressure is building to the downside.📊📊

🧨🧨In conclusion, the combination of a bearish M-pattern, declining momentum, and increased sell-side pressure puts CFX at risk of a deeper correction.