📌 #CFX | #ConfluxNetwork
CFXUSDT Update | Volatility & Upgrade News
Market Snapshot: Conflux (CFX) is trading around $0.2085, with intraday highs near $0.2206 and lows around $0.2072.
Recent Moves:
**–1.8% in 24h**, down from recent highs near $0.215‑$0.2338 after a spike tied to the Conflux 3.0 upgrade, AxCNH yuan‑pegged stablecoin, and new partnerships.
Trading volume surged to $270M‑$427M+, market cap around $1.1B, with a circulating supply of ~5.12B CFX.
Technical Insights:
Indicators show strong buy across multiple timeframes: 5 min, 1 hour, daily, weekly. Moving averages and oscillators are mostly bullish.
However, price symbols, resistance, and support suggest consolidation and short‑term downside risk—prices are pressured below resistance near $0.219–$0.233, with possible support around $0.210 and $0.204–$0.194.
Narrative Catalyst:
The upcoming Conflux 3.0 mainnet upgrade promises up to 15,000 TPS for cross‑border payments and real‑world assets.
The new AxCNH stablecoin (anchored to offshore yuan) targets BRI corridors in partnership with AnchorX and Eastcompeace. This has positioned Conflux as a compliant on‑chain infrastructure bridging China/Asia with global DeFi.
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CFX Token Update 🚀
$CFX has pulled back ~2–3% after surging earlier on Conflux 3.0 + AxCNH stablecoin hype. Price now consolidating between $0.210–$0.220, with high volume and key resistance around $0.2338. Structural strength still intact—keep an eye on Conflux 3.0 launch and cross‑border stablecoin narrative. #CFX #ConfluxNetwork #CryptoNews #CFXReserveStrategy
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📌 Takeaways:
Momentum indicators remain bullish—strong buy signals dominate across timeframes.
Short‑term pullback risk remains, especially under $0.219 threshold.
Broader narrative still positive: CFX positions as compliance‑focused, scalable blockchain with yuan‑denominated stablecoin integration.
