🚀 Is $CFX ready to explode? Bullish flag pattern indicates a potential launch 📈💥
Conflux (CFX) is showing strong technical signals on the chart, forming a bullish flag pattern after a sharp rise — a classic setup for a potential explosive move.
On the 4-hour timeframe, we notice a series of higher lows, horizontal consolidation, and technical indicators aligning with the start of a new upward wave.
The RSI is recharging momentum in the mid-range, while the MACD is bending upwards, indicating a potential bullish crossover.
Trading volume is gradually increasing, with early buyers returning and selling pressure stabilizing — just like what happened in previous explosions of tokens such as SOL, ARB, and DOGE.
On-chain, exchange balances are decreasing, indicating a transfer of tokens to cold wallets.
Whale activity is increasing, and BubbleMaps data shows new accumulation clusters — clear signs of the market's readiness for a strong move.
The price of CFX has risen by 40% in 24 hours, with a jump in trading volume of 374%, and open interest increased by 109%.
The next psychological level is $0.25, and if it is clearly breached, momentum could extend towards $0.30 then $0.35, and possibly higher.
Social sentiment is rising, with increasing discussions about CFX in CT and degen circles, amidst profit rotations from projects like Rugcoin and WIF to new setups.
Confirmation of the breakout requires surpassing the upper trendline with strong trading volume.
Follow the channel #CryptoEmad
