๐ฅ $CFX Soars 35% in 24H โ Pharma Deal, Bullish Breakout, & Supply Shock Fuel Massive Rally! ๐
$CFX is on a tear, exploding +35% in the last 24 hours โ and the rally isn't random. It's being fueled by a powerful mix of strategic acquisition news, bullish technical signals, and a shrinking supply shock.
Letโs break down why Conflux might be one of the hottest altcoins on the market right now ๐
๐ง Whatโs Driving the Surge?
๐ผ Strategic Acquisition Buzz
On July 15, Leading Pharma Biotech (HK0399) revealed plans to acquire Conflux โ sending shockwaves through the market.
Pharma stock spiked 10% intraday
Two Conflux co-founders already hold exec positions at Pharma
The move follows a 240% Pharma stock surge on July 2โs deal teaser
This potential merger is more than speculation โ it suggests a deep integration that could reshape Confluxโs future.
๐ Technicals Say: Bullish
RSI 14: 72.65 โ Strong, but still climbing
MACD: Bullish crossover (momentum gaining)
Price breakout above Fibonacci 23.6% ($0.102)
Next targets: $0.115 โ $0.13
Volume: $236.7M in 24h โ +433% surge confirms conviction
๐ฅ Tokenomics Tightening the Squeeze
76M CFX burned in May
500M CFX staked, cutting circulating supply by 11%
Supply shock is real โ and itโs fueling FOMO
๐ค Ecosystem Heating Up
The July 18โ20 Conflux Tech Conference is adding fuel, showcasing AI & RWA integrations that are attracting new dev interest and investor optimism.
๐ The Big Question
Can $CFX break and hold above $0.14 resistance?
A confirmed flip could mark the start of a long-term trend reversal โ but with a +98% gain in 90 days, profit-taking risk is real.
Watch this one closely โ the next move could be massive.
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