$CFX is currently in a downtrend, with a significant drop of 3.927% in the last 24 hours.
Prices fluctuated between a high of 0.0679 and a low of 0.0599, illustrating volatility.
Bollinger Bands indicate resistance around 0.0675 and support at 0.0599, constraining short-term price movements.
The overall trend remains weak, influenced by market sentiment and macroeconomic factors.
Recent inflation data and regulatory scrutiny create a cautious environment for traders.
Bitcoin's undefined correlation suggests limited influence on CFX's current movements.
Given sustained volatility, a short-term trading approach may be prudent.
Key takeaway: Watch for breaking below support, which could lead to further declines.
