Conflux (CFX) witnessed strong volatility at the end of July, when it formed a symmetrical triangle pattern, signaling a high probability of a breakout in the near future.
Conflux continuously increased in price in July, with a peak of $0.28 from a bottom of $0.07, but then corrected to $0.18. The triangle pattern along with resistance and support zones are creating potential entry points for traders.
MAIN CONTENT
Conflux (CFX) has just experienced strong volatility and is accumulating in a symmetrical triangle pattern.
Strong uptrend in July, with a correction to the $0.18 region - this is an important short-term support zone.
Traders need to pay attention to the resistance zones of $0.218 and $0.23, a breakout could push the price up to $0.24 or higher.
What is Conflux (CFX)?
Conflux is a Layer 1 blockchain with native Token CFX, which recorded outstanding growth in July.
Launched to optimize decentralization and transaction throughput, Conflux aims to solve the scalability issues of traditional blockchains. By using the proprietary Tree-Graph consensus mechanism, Conflux is considered to have high throughput and performance, suitable for large-scale applications and transactions.
In July, CFX Token increased sharply from a bottom of $0.07 to a peak of $0.28, marking a series of prominent fluctuations compared to many other layer 1 projects.
How has CFX's price fluctuated in July?
CFX increased by 297% from a bottom of $0.07 to a high of $0.28 in July, before correcting to the $0.18 region at the end of the month.
This sudden price increase made Conflux one of the most prominent cryptocurrencies in July, surpassing many other Layer 1 projects in terms of short-term return on investment, according to TradingView data.
The correction to the $0.18 region occurred after reaching a swing high, matching the accumulation pattern, signaling the potential for further strong price movements ahead.
Volatility patterns like Conflux CFX often open up great attention from both institutional investors and individual traders. This is a signal that the Layer 1 market is still full of growth potential.
Gabor Gurbacs, expert at VanEck, source: Twitter, 2025
What does the symmetrical triangle pattern on the CFX chart mean?
The symmetrical triangle pattern is a sign that the market is gradually narrowing the range of fluctuations and preparing to enter a new price explosion phase - which could be a strong increase or a deep correction depending on the breakout direction.
The 12-hour chart shows the white triangle region representing the contraction of the price range. According to TradingView, breakouts from symmetrical triangles often entail a surge in trading volume and a strong price trend. Typically, the probability of a breakout is proportional to the price range converging near the triangle's apex.
Such deep accumulation phases are times when investors need to carefully consider buy/sell points, combining order volume tracking and heatmap data to determine the possibility of a fake breakout.
How does CFX's price volatility reflect market sentiment?
The strong price movement and the appearance of the triangle pattern show that Conflux is attracting speculative flows, expecting a clear trend break.
According to CoinGlass, the price zones of $0.18 and $0.236 are areas that attract liquidation force (liquidation zone), corresponding to the bottom and the upper edge of the symmetrical triangle. This increases the possibility of short-term shakeouts, congestion, and sudden explosions.
Accumulation in a triangle pattern is often a prerequisite for price breakthroughs in both volume and amplitude in nascent digital asset markets like CFX.
Arthur Hayes, Co-founder of BitMEX, Bloomberg, 2024
Price instability during the sideway phase makes both buyers and sellers wary, waiting for confirmation signals on the breakout direction, creating a suitable environment for swing traders to take advantage of surf trading strategies.
Why should traders pay attention to Conflux's support and resistance zones?
Support and resistance zones are key milestones to determine entry points as well as profit/loss protection levels for traders.
The current main support zone is $0.18 - coinciding with the lower edge of the triangle pattern and the bottom of July. Conversely, the strong resistance zone is at the $0.218 and $0.23 levels, playing a key role in determining the possibility of forming a new uptrend.
According to chart analysis, if the closing price (candle close) is above $0.23, the probability of continuing up to $0.24 is even higher. Meanwhile, if the price is pushed below $0.18, the downtrend could extend deeper. Traders need to combine this signal with volume and liquidation heatmap to optimize entry and exit points.
Is CFX likely to breakout strongly in the near future?
The probability of a strong breakout is very high as the CFX price is approaching the apex of the symmetrical triangle and selling pressure has gradually dried up.
70% of breakouts on symmetrical triangle patterns are usually accompanied by a price increase (or decrease) of 15% or more within the following 1-2 weeks, especially with large liquid L1 assets like Conflux.
CME Group Report, 2024
In addition, demand on Conflux remains good after the price tested back to the $0.18 region without being strongly broken, reinforcing the growth outlook. Traders should pay close attention to price movements around the $0.218, $0.23 area, while placing appropriate stop losses according to breakout signals.
Analysis from CoinGlass and TradingView also records the possibility of price continuing to rise to $0.24 and higher if it successfully breaks through the aforementioned resistance zones.
What should traders do when CFX is highly volatile?
During CFX's large volatility phase, traders should adhere to a strict risk management strategy, use stop losses, and pay attention to clear breakout signals, avoiding FOMO or random speculative orders.
Swing traders can take advantage of breakout confirmation signals from the triangle, entering orders in the direction of the breakout with a stop loss below the opposite side of the triangle. Meanwhile, day traders should consider using low leverage and taking profits quickly at defined support/resistance levels.
Trading in a highly volatile environment requires prioritizing control of the profit/loss ratio and not chasing unusual pumps, especially with projects that are sideways preparing to breakout like CFX.
Linda Xie, CEO Scalar Capital, source: The Block, 2024
Comparison table of performance and volatility: CFX vs. other Layer 1s in July
Layer 1 Project Price Increase in July (%) Volatility (high-low range, USD) July High (USD) July Low (USD) Conflux (CFX) 297 0.21 0.28 0.07 Solana (SOL) 76 48.4 112.6 64.2 Avalanche (AVAX) 62 13.3 34.1 20.8 Polygon (MATIC) 47 0.51 1.59 1.08
(Source: TradingView, CoinMarketCap, July 2025 data)
The meaning of the liquidation heatmap for CFX trading strategies
The liquidation heatmap shows the price zones with the most margin orders that are most easily liquidated, forming a "price magnet" that prices often approach, sweeping weak orders before actually breaking out.
The $0.18 and $0.236 regions record dense liquidation positions in both directions, consistent with the symmetrical triangle analysis. Traders can leverage heatmap data to set stop-loss and determine reasonable take-profit targets, avoiding unexpected stop-loss hunt risks.
Modern heatmap data is a mandatory tool for professional traders before major breakouts, especially with coins with large volumes like CFX or Solana.
Glassnode Insights, 2025 report
What is the forecast for CFX's short-term price movement based on market data?
Technical analysis and heatmap data both show a high probability that the CFX price will break through the resistance zones of $0.218, $0.23 to advance to $0.24 or higher in the next one or two weeks, if money continues to flow into the Layer 1 market.
CoinGlass data indicates that if CFX successfully tests the $0.218–0.23 region and volume increases, the possibility of testing the $0.24 region is entirely feasible. Conversely, if the price breaks the $0.18 region, the market may correct deeper to lower support regions before establishing a new trend.
Traders need to use flexible positions such as Limit orders and Stop loss orders suitable for each volatile scenario, avoiding being liquidated due to strong fluctuations.
Frequently asked questions about Conflux (CFX) price volatility in July
What advantages does CFX have compared to other Layer 1s?
Conflux uses the Tree-Graph mechanism for superior transaction speed and throughput. In addition, the ecosystem's focus on development in the Asian market gives CFX a growth advantage, according to The Block Research.
Should I buy now or wait for a clear breakout with CFX?
Traders should wait for confirmation of a breakout above the $0.23 resistance or breakdown below $0.18 before opening a large position to avoid being swept by stop-loss and minimize risk.
Which price area is the most suitable entry point for CFX?
The $0.18–0.23 region is a good accumulation point, traders should enter orders when there is a breakout signal with high volume, always set a stop loss to manage risk effectively.
How does the liquidation heatmap impact CFX trading strategies?
Heatmap data allows traders to identify price zones that are easily liquidated, helping to establish stop loss zones while avoiding taking profits/cutting losses early when there is no confirmation of a new trend.
What is the worst-case scenario if CFX fluctuates below $0.18?
If the price falls below this level, selling pressure could increase sharply, traders need to reduce their position size or stand aside and wait for confirmation of a new bottom to reduce the risk of account liquidation.
Which Altcoin did CFX outperform in terms of price appreciation in July?
TradingView data in July 2025 recorded CFX in the group of strongest growers in the market, far exceeding Solana, Avalanche and Polygon in the same period.
How often does a breakout occur from a symmetrical triangle pattern like CFX?
Typically, a breakout occurs when the price approaches the triangle's apex, i.e., within 10 trading sessions from when it is strongly compressed, according to the CME Group.
Source: https://tintucbitcoin.com/cfx-bien-dong-vuot-023-usd/
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