Analysis of the altcoin Conflux ($CFX )

The price of CFX has increased by 22% over the past week, making it one of the most successful altcoins. Despite the bearish market, CFX has shown resilience. This highlights the potential of the altcoin even in volatile conditions.

The Parabolic SAR indicator points are located below the candles, indicating an active upward trend for CFX. The altcoin may continue its rally and break through resistance at $0.219 and $0.240. However, if investor sentiment worsens, CFX may face selling pressure and drop below $0.194. The next support level is at $0.170. Such a decline would nullify the optimistic forecast.$WCT $HUMA