Conflux (CFX) made a spectacular breakout on Sunday, surging over 100% in just 24 hours – far exceeding the overall market recovery. Notably, this surge occurs just before the announcement of 'Conflux 3.0' – an important milestone expected to open a completely new chapter of development for the entire network.
Dogecoin (DOGE) and Ethena (ENA) also recorded impressive gains for the day, both exceeding the double-digit mark. These two coins hold the second and third positions on the list of the strongest growing assets in the past 24 hours.
Conflux surges three digits, expecting to continue breaking out.
As of the time of writing on Monday, CFX continues to inch up 1%, extending the impressive 107% increase recorded on Sunday. This strong breakout is likely driven by Dr. Guang Yang's presentation — Chief Technology Officer of Conflux — on the 'Conflux 3.0' architecture at the Conflux Technology & Ecosystem Conference held on Saturday.
The upward momentum has helped CFX surpass the 50% Fibonacci retracement level at $0.1847, drawn from the peak of $0.5500 (March 24, 2024) to the bottom of $0.0620 (April 17, 2025). Currently, the bulls are aiming for a daily candle close above the Fibonacci 61.8% level at $0.2390 — a significant resistance level that could open up growth potential to the 78.6% level at $0.3448 if decisively conquered.
Technical signals are supporting the upward trend. The MACD indicator along with the signal line continues to point upwards, while the green histogram bars have expanded above the neutral line — reflecting a clearly reinforced upward momentum.
However, the RSI on the daily timeframe has now surged to 93, indicating that buying pressure is at extreme levels and the market may have entered an overbought state. In the event that it cannot hold above the $0.2390 threshold, CFX may face a correction, retesting the support area at the 50% Fibonacci level — namely $0.1847.
Ethena regains an important level.
As of the time of writing on Monday, Ethena (ENA) continues to record a slight increase of over 2%, marking a series of 7 consecutive gains on the daily chart — a promising technical signal. The current uptrend is aiming towards the mark of $0.5446, corresponding to the bottom set on February 2, as ENA has just reclaimed the important psychological threshold of $0.50 for the first time since February 19.
If today’s session ends above this level, the upward trend may be reinforced and continue to expand towards the area of $0.6576, equivalent to the closing level on January 28.
Technical indicators are supporting a bullish trend: the MACD continues to form increasing green histogram bars, indicating that bullish momentum is increasing. Additionally, the expansion of the MACD line and the signal line in an upward direction also further reinforces the positive signal.
However, the RSI is currently at 82, deep in the overbought region and showing signs of sideways movement — a warning to outside investors that the possibility of a sudden correction is entirely possible.
On the contrary, if ENA turns back down below the $0.4614 threshold, the scenario of retesting the 200-day EMA at $0.4120 may be triggered.
Dogecoin is at a crossroads as the RSI signals an overbought region.
Dogecoin (DOGE) adjusted nearly 2% on Monday, ending a streak of six consecutive gains. Earlier, a strong bounce of 13% on Sunday helped this coin surpass the important resistance level at $0.2597, opening the opportunity to aim for the nearest peak at $0.2867 – established on February 14.
If DOGE can decisively close the daily candle above this mark, the upward momentum is likely to be reinforced, with the next target being the price area of $0.3143 – a resistance level previously tested on January 21.
Technical indicators continue to support the upward trend. The MACD line along with the signal line of the MACD indicator are both pointing upwards, while the green histogram bars continue to expand — a clear sign that upward momentum is still prevailing. On the daily timeframe, the RSI is currently at 81, confirming that DOGE is in the overbought area.
However, in the opposite scenario, if the price turns back down below $0.2597, DOGE may face pressure to retest the support area at $0.2145 – corresponding to the closing level on May 17.
