📉 $CFX Technical Analysis – July 27, 2025
The price of CFX/USDC is currently at $0.1828, showing a slight dip of -0.38% in the last 24 hours. The 15-minute chart reveals a clear downward trend after a recent local high of $0.1900, with lower highs and lower lows forming consistently.
🔎 RSI(6) is at 28.04 – signaling that CFX is currently in oversold territory. This suggests a potential short-term rebound may be on the horizon, especially if buying momentum increases.
🔻 Support Level: Around $0.1782 (24h low)
🔺 Resistance Zone: First resistance near $0.1860, then stronger at $0.1900
🧭 What Should Buyers Do?
✅ Short-term traders: This could be a good opportunity to consider a scalp or bounce play, especially if we see a bullish candlestick confirmation with rising volume. However, setting tight stop-losses below $0.1780 is crucial.
🔄 Swing traders: Wait for a clear reversal pattern or RSI to cross back above 30 before entering. A break and close above $0.1860 could be your go-ahead signal.
⚠️ Risk remains as the overall momentum is still bearish on the short-term timeframe. Manage your entries wisely and avoid FOMO.
💬 What’s your plan? Are you buying the dip or waiting for confirmation? Share your thoughts!
