🚀 $CFX (Conflux) on the radar!
After a week-long pump of +50% and hype surrounding Chinese news, the coin has entered a correction and is currently hovering around $0.20–0.21. Volumes are high, liquidity is strong, but the market is waiting for a signal.
🔹 Drivers:
• A hard fork v3.0.0 is coming with improvements to EVM and security (scheduled by September 1).
• Collaborations with AxCNH stablecoin and partnerships with McDonald’s China, China Telecom.
• 76 million CFX burned + 500 million frozen for staking - emission pressure is decreasing.
🔹 Technical:
• Support - $0.188, resistance - $0.23–0.24.
• Holding the level → chance for a rebound, breakdown downwards → road to $0.16.
CFX remains one of the few coins with a strong Asian background and active development - let's keep an eye on the movement!
