#CFX
🚀 Conflux (CFX) Technical Breakdown
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💲 Price Update: CFX is currently trading around $0.22 USD, following a sharp rally driven by ecosystem momentum and short squeezes .
📈 Technical Analysis Overview
1. Momentum & Indicators
Investing.com shows “Strong Buy” signals across all time frames from 5 minutes to monthly, with both moving averages and technical indicators fully bullish .
RSI sits above 65, MACD is positive, and ADX indicates strong directional strength .
2. Chart Patterns & Price Action
A recent double-bottom formation formed at $0.1075), confirming bullish reversal .
A significant “God candle” spike recently pushed CFX above the key 61.8% Fibonacci retracement level—a classic breakout candle, but now entering overbought territory .
3. Support & Resistance Zones
Support range: ~$0.17–$0.18, backed by the 38.2% Fibonacci retracement and prior pullback levels .
Immediate resistance: ~$0.28 and then ~$0.34 if bullish momentum continues .
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🎓 Key Catalysts Behind the Surge
Conflux 3.0 upgrade hype, including Tree‑Graph architecture promising 15,000 TPS, and real‑world asset tokenization pilots .
Major ecosystem developments revealed at Conflux’s Shanghai conference, including offshore RMB stablecoin partnerships .
A wave of derivatives short liquidations and rising funding rates fueled the spike in volume—over $600M traded in 24 h .
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📬 Call to Web3 Creators
If you're building on Binance Smart Chain, Web3, or DeFi protocols, CFX offers a compelling case:
A fresh trend reversal
Significant news events finally aligning
Strong technical momentum
Are you using CFX? Share your strategy, your views on liquidity, staking, or whether this is the start of a sustained uptrend. Let’s spark knowledge-sharing in the community.
