๐จ $CFX Skyrockets 35% in 24H โ Pharma Acquisition Sparks Massive Surge! Is This Just the Beginning? ๐ฅ
$CFX just exploded +35%, and itโs not just hype โ this rally is backed by major acquisition news, bullish technicals, and a shrinking supply shock. ๐
๐ฅ Whatโs Fueling the Fire?
๐ข Strategic Takeover Buzz
Hong Kong-listed Leading Pharma Biotech (HK0399) announced plans to acquire Conflux, triggering a buying frenzy.
Pharma stock jumped 10% intraday
Two Conflux co-founders already serve as Pharma execs
Follows a 240% Pharma stock spike from the July 2 pre-announcement
๐ Technicals Back the Breakout
RSI 14: 72.65 โ Strong but not overheated
MACD: Bullish crossover
Price target: $0.115โ$0.13 after clearing Fibonacci resistance at $0.102
Volume: $236.7M โ up 433% in 24H
๐ฅ Tokenomics Fueling the Rally
76M CFX burned in May
500M CFX staked โ cutting liquid supply by 11%
Momentum from the Conflux Tech Conference (July 18โ20) highlighting AI + RWA integrations
โ ๏ธ Whatโs Next?
Can $CFX hold above $0.14 resistance and sustain this reversal, or is a profit-taking wave incoming after a +98% gain in 90 days?
๐ Or is this the beginning of a full-blown bull run?
Stay tuned โ the charts and fundamentals are aligning fast.
#CFX #conflux #altcoinseason #CryptoNews #MacroInsights #BinanceSquare #PharmaDeals #DeFi #AIChain
