📈 Conflux (CFX) Surges 14% Ahead of Upgrade v3.0
The price of CFX has risen more than 14% in the last 24 hours, following a 10% correction on August 3 that triggered liquidations of long positions worth USD 1.7 million. This surge is accompanied by the accumulation of approximately USD 14.2 million CFX into private wallets, signaling bullish sentiment ahead of the v3.0 upgrade on September 1. The market capitalization now stands at USD 1.1 billion, driven by a trading volume increase of 151% to USD 453.7 million. Technicals: CFX has already breached the pivot of USD 0.189 and the 30-day SMA of USD 0.14 with an RSI of ~59.5; the next resistance level is at USD 0.228 and potential breakout above USD 0.27 if momentum is strong.
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