A simplified and updated analysis of the currency $CFX Conflux (CFX) based on the latest data and news:
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🔍 Overview
Current price: around $0.216, up ~+11.8% over the last 24 hours
Market capitalization: nearly $1 billion, with daily trading exceeding **$1.7 billion** during peak hours
Circulating supply is about 5.1 billion CFX from a total without a fixed cap
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🚀 Recent key catalysts
507-0Conflux 3.0 (Tree‑Graph), set to launch in August 2025, will increase capacity to 15,000 TPS and support integration with AI agents, generating broad interest among investors
774-0Partnerships to launch a stablecoin linked to the yuan (AxCNH) via the Belt & Road, and collaboration with AnchorX and Eastcompeace in Singapore and Malaysia
976-0Trading volume increased by 400% and burned shares increased (~76 million CFX) with high staking rates (>500 million), improving supply and demand dynamics
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📈 Technical analysis
Bullish behavior increased by more than +248% over the last 30 days, with strong support between $0.17–$0.18
Nearby resistance is at $0.30, breaking it could push the price towards $0.50–$0.55
1497-0Momentum indicators like RSI reached ≈ 93 (overbought), and MACD is still in an upward trend, indicating the potential for momentum to continue but with a likelihood of a correction soon
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#WhiteHouseDigitalAssetReport #MarketPullback #TrumpTariffs #ProjectCrypto
