$CFX

Conflux (CFX) Faces Sharp Pullback After Upgrade — Accumulation Signals Build

Conflux (CFX) dropped over 10% following the rollout of its v3.0.0 upgrade announcement, but smart money appears to be buying the dip. Despite the sharp correction, accumulation trends and upcoming network changes could drive renewed interest.

Market Movement

Current price: $0.22

Daily change: +2.6%

7-day gain: ~20%

Trading volume: ~$450 million

Open interest: ~$160 million

Sell-off on August 3 triggered $1.7 million in long liquidations

Spot investors moved ~$14 million in $CFX to private wallets in five days

Upgrade Details

Conflux completed its v3.0.0 protocol upgrade, introducing:

Enhanced EVM compatibility

New Proof-of-Stake consensus rules

Eight major protocol improvements (CIPs)

Target throughput of 15,000 transactions per second

Mainnet upgrade deadline: September 1, 2025

The upgrade lays the groundwork for future releases, including:

Partnerships in AI, gaming, IoT, and cross-border payments

Developer programs focused on China, India, Spain, and Ukraine

On-Chain and Technical Signals

80% of recent gas usage came from three wallets — suggesting centralization

Derivatives market showed reduced interest after sell-off

RSI bounced from oversold levels

Technical resistance seen near $0.228

MACD and SAR indicate short-term bearish trend

Forecasts

CoinCodex: $0.24 by early September

Cryptopolitan: 2025 range between $0.39 and $0.47

Bitget: Long-term potential if network adoption improves post-upgrade

Investor Takeaways

Accumulation by whales and private wallets suggests confidence

Upgrade introduces necessary scalability and EVM upgrades

On-chain use must rise to justify higher valuations

Monitor September 1 upgrade performance and stablecoin news

Action Points

Track post-upgrade network activity

Follow developer growth and ecosystem expansion

Compare CFX strength to broader altcoin market trends

Use technical levels to manage entries and exits