CFX Recovers Ground: Bullish Wave in Progress for Conflux!
CFX, the native token of Conflux Network, has shown a solid recent recovery from its low of $0.1661, now reaching $0.1745 with a change of -2.19% in 24h. Although the percentage indicates a slight correction, the 30-minute chart reveals a clear bounce with dominant green candles and a pattern of higher highs, supported by strong volume of 10.95M USDT.
Indicators such as RSI neutral (around 45) and sustained support at $0.1680 suggest that buyers are returning, targeting higher resistances in a scalable and regulated blockchain ecosystem in China.
Long Trade Setup
Entry Zone: $0.1720 – $0.1750
Target 1 (TP1): $0.1800
Target 2 (TP2): $0.1850
Target 3 (TP3): $0.1900
Stop Loss (SL): $0.1680
If CFX stays above $0.1720, momentum could quickly drive the price towards the $0.185+ zone, capitalizing on Conflux's innovation in dApps and key partnerships for explosive growth.
