$CFX

#CFXvsBTC – Quick overview of the Conflux (CFX) to Bitcoin (BTC) pair

The CFX/BTC pair currently stands at approximately 0.00000185 BTC for 1 CFX, which represents an increase of 2.6% over the last 24 hours and as much as 12% on a weekly scale .

📊 Technical analysis and trends:

The pair is moving in consolidation between 0.00000177 and 0.00000195 BTC, but the weekly direction indicates higher momentum – the medium-term increase reaches +195% over the month  .

🌐 Market context:

Conflux – a platform compliant with regulations in China – is experiencing an increase in activity in DeFi and collaborates with global brands (including the city of Shanghai, McDonald’s China). The market capitalization is about $1.1 billion with a daily trading volume of ~$280 million .

⚖️ Forecasts and scenarios:

• Resistance: ~0.00000194–0.00000195 BTC — a breakout above may lead to a test of higher levels.

• Support: ~0.00000177–0.00000180 BTC — defending this level is crucial during corrections.

✅ Conclusion: The CFX/BTC pair shows a solid rebound against BTC due to increasing adoption and positive fundamentals. The trend is clearly bullish, but key for continuation would be support at the current level and confirmation of a breakout at resistance with increased volume.