$CFX

Conflux (CFX) recently delivered a strong breakout, rallying over 100% following its ecosystem conference in Shanghai, where major upgrades—including Tree‑Graph 3.0, 15,000 TPS throughput, and an offshore RMB stablecoin pilot—were unveiled. This led to a sharp 40% intraday spike, mainly driven by a short squeeze and cascading liquidations across futures markets.

From a price‑structure standpoint, CFX has cleared the critical $0.10 resistance and firmly closed above the 200‑day EMA, marking renewed bullish momentum. Indicators such as a bullish MACD crossover, expanding RSI, and a confirmed higher high signal continuation. Key short‑term support appears at $0.145, while resistance levels from the breakout leg sit around $0.21 and $0.235, with the potential to reach $0.28 if weekly consolidation holds above $0.18.

Sentiment leans decisively bullish: technical indicators show a heavy majority in favor (33 bull vs. 2 bear), RSI is nearing overbought territory (~77), and both 50‑ and 200‑day SMAs are trending upward. A golden‑cross setup may be forming, which often precedes sustained rallies.

A pullback below $0.145 could trigger a mild correction toward ~$0.12 before resuming upward momentum. Overall, the technical backdrop remains positive, suggesting continuation of CFX’s bull trend in the near term.