World

Time

Conflux

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Conflux price is currently trading at $0.1762 with a gain of 0.92% during the intraday session.</a> </li> 
 <li> <span>2</span> <a>CFX price trades below 20, 50, 100, and 200-day EMAs.</a> </li> 
 <li> <span>3</span> <a>The year-to-date return of Conflux is 702.27% while the three-month return is -46.11%.</a> </li> 
</ul> 
<p>Conflux (CFX), one of the top gainers in the crypto industry, with a year-to-date return of 702.27% is witnessing a downfall. The cryptocurrency price has been falling since the formation of the annual high at $0.4876. A bullish rally was initiated during mid-June 2023 after the formation of support at $0.1750.</p> 
<p>CFX price surged roughly 59% from the support and formed a June high at $0.2799. It rejected the high heavily and entered into a downtrend. Recently, Conflux formed support at $0.17 and the current candle is struggling to rise above $0.18.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/wNajeaDX6XFLEuI_PTGPJGZaaNGKTH7Hs2zigpiJQ4N7-WFccZWF6hB_piHbXaD-_bXRxJNMblfD_3rlcP1gEMi3oVc_8keglss-_Jm8IiA03ZwW16YTuan62QGDwNWHzKkD5LpPVfJ0Krwb0j7jUkk" alt="Conflux Price Prediction: Is it the Right Time To Buy CFX?"> 
  <figcaption class="wp-element-caption">
    Source: CFX/USDT By <a href="https://www.tradingview.com/x/NdlJDWu7/" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>If a candle can close above the $0.19 level, there is the possibility that the price might rise toward the next resistance level of $0.2050. On the other hand, if bears take control and push the price below the $0.17 support level, it might melt toward the $0.14 support level causing a downfall of roughly 17.53%.&nbsp;</p> 
<p>The market capitalization of Conflux has increased by 2.54% to $543,293,886. The 24-hour trading volume is also up by 3.02% at the time of writing. The price is down 89.66% from the all-time high of $1.70.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-conflux-partners-with-world-mobile-strong"><strong>Conflux Partners with World Mobile </strong>&nbsp;</h2> 
<p>The collaboration between <a href="https://www.thecoinrepublic.com/2023/07/19/conflux-price-prediction-cfx-price-moves-in-a-descending-channel/" rel="noopener noreferrer nofollow">Conflux</a>, china’s first regulatory-compliant blockchain, and World Mobile, a global mobile network-based blockchain, will expand its blockchain-based mobile access.&nbsp;</p> 
<p>The new partnership announcement is released after the successful launch of the Conflux block-based sim card (BSIM).&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-will-cfx-price-sustain-above-0-17-strong"><strong>Will CFX Price Sustain Above $0.17?</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/plFxRBMaYiLOReTJmomTwGwVqV8SwOlyPegm--mjfgYE-wD1UgegJzYRmq6K0lG1DNh0qL9O521Z4xX_QjqTtCON1sLRbH-9KstlGDGzJSzGCANeKtJeDwtYRaxAdrLn_heXGR3hroxEUwAOuJ3B84Q" alt="Conflux Price Prediction: Is it the Right Time To Buy CFX?"> 
  <figcaption class="wp-element-caption">
    Source: CFX/USDT By <a href="https://www.tradingview.com/x/ayOpZC7A/" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2023/07/19/conflux-price-prediction-cfx-price-moves-in-a-descending-channel/" rel="noopener noreferrer nofollow">cryptocurrency price</a> trades below 20, 50, 100, and 200-day EMAs indicating bearish momentum and the 20-day EMA acts as a resistance for the price. Chaikin money flow (CMF) score is 0.02 suggesting a slight amount of bullishness in the market.&nbsp;</p> 
<p>The relative strength index has dropped below the 50 mark and currently trades at 40.05 indicating bearish momentum in the price. Since the start of July 2023, RSI has not climbed above the 50 mark. The Bollinger bands have contracted suggesting low volatility in the market.&nbsp;</p> 
<p>The price is residing near the lower band of Bollinger and needs to break above $0.18, for heading toward the upper band. The long/short ratio is 0.97 with 49.26% longs and 50.74% shorts indicating a slightly higher position from the selling side in the last 24 hours.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>The market structure and price action of Conflux has turned bearish after the price faced rejection from $0.2799. Technical parameters suggest that there is increased participation of sellers in the market that are favoring the selling side. However, traders should wait for the price to break below $0.17.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<ul> 
 <li>Major support: $0.17 and $0.14</li> 
 <li>Major resistance: $0.2050 and $0.23</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Conflux Price Prediction: Is it the Right Time To Buy CFX?

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