Conflux (CFX), currently priced at $0.198 with a market capitalization of $1.02 billion, is exhibiting signs of a potential bullish breakout as it consolidates near the critical $0.20 level following its v3.0.0 hardfork, scheduled for full activation on September 1, 2025. This major upgrade introduces eight Conflux Improvement Proposals (CIPs), enhancing Ethereum Virtual Machine (EVM) compatibility, optimizing transaction throughput to 15,000 TPS, and refining Proof-of-Stake (PoS) mechanisms, such as CIP-156, which shifts penalties for malicious behavior to temporary stake locking. These enhancements are poised to bolster developer adoption and network utility, driving long-term value. Technically, CFX has shown resilience, holding firm despite a recent 10% dip post-hardfork announcement, with $14.23 million in tokens moved to private wallets, signaling accumulation by long-term holders. The price is testing the $0.189 pivot and has surpassed the 30-day simple moving average ($0.14), with the Relative Strength Index (RSI) at 59.5, indicating room for upward momentum before overbought conditions. A breakout above the $0.21 resistance, supported by a 151% surge in 24-hour trading volume ($453.7 million), could propel CFX toward $0.25, with further targets at $0.27-$0.30 if bullish pressure persists. However, failure to breach $0.21 may see a retest of $0.18 support, risking a deeper correction to $0.15. With strong fundamentals and technical momentum, CFX presents a high-risk, high-reward opportunity for traders).

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