📈 Analysis and forecast for $CFX : what are the further prospects? 🚀
As of June 7, 2025, 14:22 EEST, the price of $CFX on Binance is $0.0846, with a rise of 14.17% in the last 24 hours. The trading volume for the day is about $84.76M, and the market capitalization is $391.56M (with a circulating supply of 4.63B tokens). The increase is associated with interest in scalable blockchains and Conflux's activity in Asia.
Technically, $CFX demonstrates bullish momentum. On the 4-hour chart, the 50-day SMA is rising, while the 200-day SMA is stabilizing, indicating an upward trend. The RSI (14) is around 68, signaling strong momentum but close to overbought levels. The MACD confirms the bullish movement. Key resistance is at $0.09; a breakout above may push the price to $0.10. A drop below $0.08 will increase pressure to $0.07.
Forecast: by the end of June, CFX could reach $0.09–$0.10 if volumes are maintained. By July 2025, a pullback to $0.08 is possible if the market corrects. By the end of the year, the target is $0.24–$0.34 (according to analysts), assuming ecosystem growth. The long-term potential for 2026 is $0.50+, if Conflux strengthens its position in DeFi and Web3. Fundamentally, $CFX attracts attention due to the Tree-Graph algorithm and support in China, but volatility poses a risk.
Further prospects? The price of $0.0846 is close to resistance at $0.09, and the RSI at 68 indicates a possible correction. The 14.17% increase over 24 hours is a signal to take profits at $0.09–$0.10. Set a stop-loss at $0.07. Volumes have increased, supporting a bullish sentiment, but overbought conditions require caution. Stay tuned for news! #CFX #Binance #CryptoAnalysis
