๐๐ผ๐ป๐ณ๐น๐๐ (๐๐๐ซ) ๐ฆ๐๐ฟ๐ด๐ฒ๐ ๐๐ผ $0.21 โ ๐ช๐ต๐ฎ๐ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ฆ๐ต๐ผ๐๐น๐ฑ ๐ช๐ฎ๐๐ฐ๐ต ๐ก๐ฒ๐ ๐
Conflux (CFX) stunned the market with a +100% move, now trading around $0.217.
๐ Why price exploded
โ A short squeeze wiped out over $1M in short positions, flipping market sentiment bullish.
โ Conflux team announced major upgrades:
Boost to 15,000 TPS
Real-world asset integration
Possible yuan-backed offshore stablecoin, boosting Chinese investor interest
โ Trading volume surged 374%, showing real buying momentum.
๐ง What on-chain & derivatives say
Open interest up +109% โ new money entering long trades
Funding rates turned positive โ more traders betting on price rise
Spot supply on exchanges fell โ holders moving tokens off exchanges (bullish sign)
Active addresses & transactions jumped โ real network use, not just speculation
๐ Key technical levels
Price broke & held above the old $0.10 resistance โ new support around $0.145
Fibonacci targets:
$0.21 โ now tested
$0.235 โ next challenge
$0.2736 โ historical resistance zone
Moving Averages: 50 & 200-day lines are heading for a Golden Cross, often a strong bullish signal.
RSI is overbought โ shows strong momentum, but watch for cooldowns.
๐ What traders should do next
โ Watch if CFX holds above $0.18โ$0.21 on daily/weekly close โ confirms strength.
โ If bulls keep control โ possible push to $0.235 and $0.27 next.
โ ๏ธ If price drops below $0.145 โ risk of deeper pullback to $0.12 area before next leg up.
โ Volume & open interest staying high = likely continuation.
๐ Bottom line
CFXโs rally is backed by real demand and ecosystem news, not just hype.
If price keeps closing above support & the Golden Cross confirms, the path to $0.27โ$0.30 looks real.
But traders should manage risk: overbought RSI means quick dips remain possible.