Conflux’s native token $CFX has recently shown a volatile but bullish bounce. After a sharp 27% decline, CFX rebounded around 7%, pushing back toward the $0.21–$0.22 range. Resistance remains near $0.233–$0.24, a key level aligned with Fibonacci retracements and descending trendlines.

The momentum is fueled by strong fundamentals, including the upcoming Conflux 3.0 Tree-Graph upgrade, which promises significantly higher throughput and integration of advanced features like AI, cross-border stablecoins, and real-world asset tokenization. Trading volume has surged dramatically, reflecting renewed investor interest following announcements tied to yuan-pegged stablecoin developments.

Technically, momentum indicators such as RSI and MACD are signaling overbought conditions, suggesting a possible short-term pullback. However, if bulls maintain support above $0.208–$0.210, the next upward target could extend to $0.30 or beyond.