$CFX CFX (Conflux Network): Layer-1 Standard Regulatory From China — Breakout 0.22 or Pullback?

$CFX increased over 70% in the week and reached a market cap > $1.09 billion after the Conflux 3.0 news and offshore RMB stablecoin. Record volume > $1.7 billion/day — is there still room to aim for $0.25–0.30?

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1. Snapshot

Current price: around $0.183–0.185, slightly down ~1.5% compared to 24h ago, but up ~60–70% compared to last week ($0.11).

24h Volume: $200–210M, Vol/MC ~0.22 → extremely strong compared to market cap ~$940–945M (circulating 5.11 billion CFX).

Market cap & FDV: around $940–945M, circulating ~5.11B, total supply ~5.28B.

ATH/ATL: ATH $1.72–1.81 back in Mar 2021 (down ~89%), ATL near $0.0219 (Dec 2022).

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2. News & Narratives

Rally +100% to $0.22 just over the weekend, the market expects Conflux 3.0 to launch in August with throughput up to 15,000 TPS and support for AI-agent frames.

Introduction of offshore RMB stablecoin used between countries in the “Belt & Road” initiative, in collaboration with AnchorX & Eastcompeace → creating a strong narrative for cross-border fiat settlement from a China-centric ecosystem.

Market sentiment is bullish, Conflux surpassed the $1 billion market cap thanks to news from the event at the Shanghai conference from July 18–20, 2025.

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3. Technical Analysis & Price Scenarios

Support: the $0.17–0.18 zone, where the price retests strength after a strong breakout from the $0.10–0.11 area.

Resistance: initially at $0.22–0.23, then $0.25–0.27 if momentum continues with high volume.

Indicators: RSI average ~55–60 (neutral to mild bullish), MACD signaling gradual increase. Technical sentiment from CoinCodex/LiveCoinWatch rates bullish ~65–70%.

Price scenarios:

✅ Bullish Break > $0.22 with volume > $400M $0.23 → $0.25 → $0.30 ~45%

⚠️ Bearish If unable to hold above $0.18 after adjusting $0.17 → $0.15 ~55%

— The volume from last week exceeded $1.65–1.7 billion proving strong cash flow.