🔍 CFX Analysis – RSI Dips, Support Tested 🔍
📉 CFX is showing signs of weakness with a 3.48% drop in the last 24 hours. As a trending altcoin, it’s currently testing key support levels, and traders are watching for either a bounce or breakdown.
📈 Technical Analysis
- Short-term trend: Bearish
- Support: $0.1643
- Resistance: $0.1757
- Pattern: Descending channel with lower highs
- Volume: Low at 1.12M, confirming seller dominance
- RSI: 44.35 – weak momentum, no reversal yet
- MA(5): 8.17M vs MA(10): 11.37M – bearish crossover
- Outlook: Bearish
📰 Market Data & News
- Price: $0.1692 (−3.48%)
- No major news or listings reported
🔄 Scenario Breakdown
- Bullish Case: Bounce from $0.1643 with RSI recovery above 50
- Bearish Case: Breakdown below $0.1640 confirms continuation toward $0.1590
📊 Sentiment Meter
📉 Bearish Bias – Sellers in control, weak volume
⚠️ Risk Level
🟡 Medium – Clear trend but low volume adds uncertainty
Will CFX hold $0.1643 or slide deeper into bearish territory? Share your thoughts 👇
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📢 Reminder: This is educational content. No guarantees, no advice—just charts, data, and perspective.
CFX #TheCryptoMalik