Conflux (CFX) has just broken the accumulation zone of over 4 months, increasing by over 40% in just one day.
Strong growth momentum along with positive indicators in the derivatives and spot markets suggests the possibility of starting a new wave for CFX, although one should be cautious of potential price corrections.
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CFX surpassed the 0.10 USD threshold after nearly 4 months of accumulation, creating a 40% price increase within 24 hours.
Derivatives data recorded a surge in trading volume and open interest, with a Long/Short ratio > 1.
Liquidity and leverage indicate that buyers are dominating, with short liquidation under 1 million USD while longs reached nearly 8 million USD.
What happens after the strong price surge of CFX?
Technical chart analysis shows that CFX has escaped from an accumulation zone lasting about 4 months, breaking through the 0.10 USD resistance level with strong momentum, causing the price to increase nearly 40% in one day. This is a positive sign reflecting a price trend change in the cryptocurrency market.
However, analysts note that the next resistance level is at 0.18 USD, which may cause temporary corrective pressure to retest the important support area.
CFX surpassing the 0.10 USD zone marks an important turning point in the price trend, but close monitoring of the potential correction back to the 0.10 USD area is needed to confirm the sustainability of the upward momentum.
Nguyen Van An, Director of Cryptocurrency Market Analysis, July 2025
What notable bullish signs are there for CFX?
CFX's trading volume surged by 374% to over 551 million USD, with the open interest index on derivatives exchanges increasing by 109% compared to the previous day, reflecting investor participation and expectations. In particular, the Long/Short ratio from professional traders is above 1, indicating that the number of buy orders significantly outweighs sell orders, proving a strong buying trend.
Furthermore, liquidation data in the last 24 hours shows a significant increase in short liquidations as the price surged, with liquidations ranging from 700,000 USD to nearly 1 million USD in various hours, indicating that short-term selling pressure is gradually decreasing.
How is the buying force and leverage analyzed in the CFX market?
Data from Binance Futures shows that investors are using high leverage for long positions (50X, 25X) more when the price surpassed 0.10 USD and continues to rise close to 0.15 USD. Meanwhile, short positions have dropped sharply and are only using 50X leverage at the price level of 0.15 USD.
The liquidation level of short positions is about 1 million USD, but long liquidations are nearly 8 million USD, with a nearly 8-fold difference, confirming that buying power is significantly dominating selling power in the CFX market.
The strong discrepancy between long and short liquidations indicates that buyers have overwhelmingly won, opening up positive prospects for CFX's price in the short term.
Nguyen Duc Minh, Cryptocurrency Technical Analyst, July 2025
What adjustments might CFX face in the near future?
Although the upward trend is clear, investors need to be aware of the possibility of a slight correction for the price to retest the 0.10 USD area, a crucial support zone previously. A drop to this area could be a good opportunity to increase positions with manageable risk.
Additionally, the threshold of 0.18 USD will be a tough challenge with increasing selling pressure as the price approaches this area, creating an important decisive point for the next trend of CFX.
How have professional investors and whales acted with CFX?
Analysis on the derivatives market shows that whales and professional traders are betting heavily on the upward momentum of CFX through long positions that are being pushed with high leverage. This move further reinforces the reliability of the current bullish trend.
Value Index Before Breakout Value After Breakout Meaning Trading Volume ~115 million USD 551.55 million USD (+374%) Strong increase indicates a surge in investment interest Open Interest (OI) ~263 million USD ~550 million USD (+109%) Increased capital commitment in the derivatives market Long/Short Ratio 1 Traders are shifting to bullish positions Long Liquidation vs Short Long: ~1 million USD
Short: ~125 thousand USD Long: nearly 8 million USD
Short: ~1 million USD Confirming overwhelming buying pressure
Frequently Asked Questions
What factors have contributed to CFX's strong price increase?
The breakout from the long-term accumulation zone along with a significant increase in trading volume and open interest creates bullish momentum for CFX.
What is the next resistance level of CFX?
The critical resistance level is 0.18 USD, where the strength of the current upward trend will be tested.
What does the current leverage of the CFX market reflect?
Investors using high leverage for long positions demonstrate confidence in the upcoming bullish trend.
How are professional traders acting with CFX?
They primarily increase buying positions with large leverage, signaling positive expectations for CFX's price.
To what level could CFX's price adjust to create a buying opportunity?
The price may adjust closer to the support area of 0.10 USD to create a reasonable buying point with lower risk.
Source: https://tintucbitcoin.com/conflux-cfx-tang-40-hom-nay/
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