Conflux

<ul><li>Conflux faces headwinds with technical indicators pointing to a downturn, a bearish divergence with MACD suggests caution.</li><li>RSI that has dropped below 50 on the 15-min chart put Conflux traders on alert for increased volatility.</li><li>Conflux&#39;s uniform bearish signals across multiple timeframes with 4-hour, and 1-hour charts mirror Bitcoin&#39;s pullback.</li></ul>In a detailed market analysis shared by <a href="https://cryptotale.org/bitcoins-price-surge-a-sign-of-the-next-altcoin-season-cryptobusy-analyzes/" rel="noopener noreferrer nofollow">CryptoBusy</a>, a well-regarded source for cryptocurrency technical and market insights, Conflux (CFX) shows signs of a technical breakdown. This news comes at a time when the blockchain platform has been making strides in terms of market performance. However, the recent technical indicators suggest that <a href="https://cryptotale.org/?s&#61;Conflux" rel="noopener noreferrer nofollow">Conflux</a> could be heading towards a volatile phase, shadowing the larger market sentiment driven by Bitcoin&#39;s movements.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/1cdb3736f9174a8fa26cc61f7c62e0fb.png" />The CryptoBusy report indicates that the ongoing breakdown in <a href="https://cryptotale.org/bitcoins-q4-2023-performance-a-break-from-historical-volatility/" rel="noopener noreferrer nofollow">Bitcoin&#39;s</a> price is having a correlated impact on Conflux. This pattern is not unusual in the crypto space, where Bitcoin&#39;s volatility often sets the tone for the broader market, affecting the valuation of altcoins. Per the analyst, a closer look at Conflux&#39;s trading charts reveals a bearish divergence between the asset&#39;s price trajectory and the MACD indicator, typically a precursor to a potential downturn in price.Adding to the bearish outlook, a trendline breakdown has been confirmed, bolstering the prediction of a continued decline. This is further supported by the RSI on the 15-minute chart breaching below the midline of 50, signaling an early entry for those looking to capitalize on the bearish trend.Read full article at<a href="https://cryptotale.org/market-tensions-intensify-as-conflux-faces-technical-hurdles/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Market Tensions Intensify as Conflux Faces Technical Hurdles

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