The technical analysis of $CFX suggests cautious optimism. The price recently surpassed a key resistance level, indicating a potential bullish momentum. The moving averages are beginning to converge positively, which indicates a possible trend reversal. The Relative Strength Index (RSI) remains neutral, allowing room for further upward movement before overbought conditions arise. Volume patterns support the recent breakout, reflecting growing investor interest. If CFX can stay above its new support zone, it could test higher resistance levels around $0.030. However, the inability to sustain the breakout could lead to a retest of lower support levels. Overall, expectations lean towards a bullish continuation, provided that market sentiment and broader cryptocurrency trends remain favorable throughout the week.
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