Conflux ( $CFX ) is showing signs of consolidation after a recent pullback, currently trading near a key support zone around $0.168 – $0.172. A strong demand zone lies here, and holding above it could trigger a short-term bounce.
Technical Snapshot:
🔹 Support: $0.168
🔹 Resistance: $0.185 & $0.195
🔹 Trend: Neutral to slightly bullish
🔹 RSI: Hovering near 50, indicating indecision
🔹 200 EMA: Acting as a dynamic support
Potential Scenarios:
🔼 A breakout above $0.185 with volume could push $CFX towards $0.195 and $0.205.
🔽 Losing $0.168 may lead to retesting lower levels at $0.155.
Conclusion:
$CFX is at a decision point. Watch for a clean breakout or breakdown to confirm the next move. Traders should stay cautious and use tight stop-losses in current market conditions.