$CFX Conflux Facing Heavy Sell Pressure 📉🔥 | Bears Tighten Grip as Market Weakens 🐻⚠️

Conflux is under the microscope as market uncertainty takes center stage 🌀📊. The charts are painting a grim picture — sellers are clearly in control, and bullish momentum is nowhere to be found 🚫📈.

🔻 Strong resistance has formed at upper price levels, and every attempt at a rebound has been swiftly rejected ❌🛑. Volume spikes on red candles show that sell pressure is increasing 📉💣, while buy volume is steadily declining 📉⬇️. The RSI is flattening near oversold territory, hinting that the market is stuck in a slow bleed rather than a sharp rebound 🎯💀.

📉 MACD bearish crossover has already confirmed downward momentum ⚡🛑, and on-chain activity isn’t offering any comfort. Exchange balances are rising 🏦⬆️, a clear sign that more tokens are being sent in to sell rather than to hold 🔄💼. Wallet growth is slowing, further indicating a lack of fresh demand ❄️📉.

💬 Social sentiment is cooling rapidly 🧊📢. Crypto chatter around Conflux has been fading, replaced by cautious tones and defensive trading strategies. Whales appear to be in distribution mode 🐋📤, offloading positions rather than accumulating.

⚠️ The broader market environment isn’t helping — macro trends and risk-off sentiment are putting extra pressure on altcoins. Without a significant catalyst, this trend could continue until key support levels are tested or broken.

📌 For now, it’s a time for risk management and patience ⏳⚖️. Catching a falling knife rarely ends well — and DYOR remains essential in markets like these.

⚠️ Not financial advice — always DYOR 🧠📚