#CFX
Su Ge just took another look at the market. CFX's performance today is still quite strong.
Yesterday, it surged 116% to 0.24 in 24 hours. Although it's pulling back today, the support around 0.18-0.21 is holding very steady.
To be honest, the reason for such a strong surge is not without basis:
CFX 3.0 is about to launch with AI + 15,000 TPS, which is quite impressive.
It has also formed a strategic partnership with the RMB stablecoin.
Short positions were cleared out yesterday, over $11 million were directly squeezed out.
Technically, I'm currently focusing on two key levels:
If the range of 0.24-0.25 can break through, it might directly go to 0.27-0.30.
Support at 0.186-0.18, if broken, will weaken the short term.
The short-term RSI is indeed on the high side, so I’m more inclined to see a washout before the next surge.
If 0.25 holds, I think reaching a new high is also possible.
Next, we will see whether it breaks the level first or tests the support before gaining momentum.