The chart for $CFX
/USDT (1M time frame) shows a notable short-term upward movement, with the following key points:
🔍 Summary:
Current Price: 0.2165 USDT
24h High / Low: 0.2229 / 0.1889
24h Change: +14.19%
MA Indicators:
MA(7): 0.1220 (yellow)
MA(25): 0.1724 (purple)
📈 Technical Insights:
Bullish Momentum:
The price is significantly above both the 7-day and 25-day moving averages — a bullish signal.
24h volume is strong (CFX: 413.88M, USDT: 87.44M), supporting the upward trend.
Resistance Level:
Around 0.2229 (24h high) is acting as immediate resistance.
Previous high at 0.2215 suggests double-top caution in this zone.
Support Levels:
First support: ~0.1889 (24h low).
Stronger support near MA(25): ~0.1724.
Volatility Spike: The long lower wick near the start of the candle suggests initial strong selling pressure followed by recovery — classic reversal behavior.
🧭 What to Watch:
Break above 0.2229 with volume = continuation of bullish trend.
Failure to hold above 0.20 = potential retracement toward 0.172.
Let me know if you want a short-term (1H or 4H) view or a trading strategy based on this chart.
