INFORMATION: Conflux ($CFX ) is currently trading at $0.20, reflecting a decline of 3.63% in the last 24 hours. In the past seven days, CFX has dropped by 25.06%, indicating a significant bearish momentum. The trading volume remains strong at $241 million, indicating active market participation despite the recent wave of selling.

Positive social sentiment despite price drop

Recent social sentiment around CFX shows a clear positive trend, with 44.4% of documents and 42.9% of authors expressing favorable opinions. While this suggests confidence within the community, it sharply contrasts with the ongoing price correction, highlighting a possible divergence between expectations and reality.

Limited visibility of overall ecosystem growth

Aside from Nucleon, there is little information about major developments within the Conflux ecosystem. With no substantial updates or collaborations driving user growth, investor enthusiasm could wane as macroeconomic conditions tighten further.

Trading strategy:

- Entry zones: Look for support levels near $0.18-$0.19. Repeated tests of these zones without breaking down could present buying opportunities.

- Price targets: Short-term targets include $0.22 (minor resistance) and $0.25 (psychological barrier). #CFX