🔍 Technical Analysis – $CFX /USDT
Price: $0.2691
Change: +44.52% (in the last 24 hours)
24h High: $0.2799
24h Low: $0.1815
Volume: 716M CFX (very strong volume spike)
⸻
📈 Trend & Momentum
• Massive bullish candle with very strong volume indicates strong buying pressure.
• Price has broken previous resistance levels with a sharp upward move.
• EMA(20) = 0.1607 and EMA(50) = 0.1225 → Strong uptrend confirmed. Price is well above both EMAs.
⸻
💡 Key Indicators:
• EMA Crossover: EMA(20) is above EMA(50), showing a strong uptrend continuation.
• Volume Spike: Suggests institutional or whale buying activity.
• Bollinger Band breakout likely (though not shown), indicating high volatility.
⸻
✅ Support & Resistance Levels
• Immediate resistance: $0.2799 (today’s high) – needs to break and hold above this for further rally.
• Support levels:
• $0.2425 (recent consolidation zone)
• $0.1941 (previous breakout point)
⸻
🔎 Summary
• The coin is in a strong bullish trend with explosive upward momentum.
• Expect some short-term correction or profit-taking near $0.28–$0.30, but trend remains bullish unless price falls below $0.20.
• Entry on dip between $0.23–$0.25 can be considered with stop-loss below $0.20.
• Take profit zones: $0.30, $0.34, and $0.39 (if breakout continues).
