Rose

Resistance

Conflux

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Conflux price surged 33% in a single day and succeeded in breaking the last 6 months’ high.</a> </li> 
 <li> <span>2</span> <a>CFX price climbed above the 50-day and 200-day EMA showcasing an uptrend.</a> </li> 
 <li> <span>3</span> <a>Conflux price broke out of the narrow range consolidation.</a> </li> 
</ul> 
<p>Conflux price prediction suggests that bulls are getting active and upward momentum might continue in the coming months.&nbsp;</p> 
<p>CFX price surged 33% in the last trading session and broke out of its narrow-range consolidation. It formed a giant bullish candle and turned the trend in the upward direction.&nbsp;</p> 
<p>The 50-day EMA is sloping upward and is trying to positively intersect the 200-day EMA. If the crossover happens, then it may boost the confidence of the long-term investors.&nbsp;</p> 
<p>The recent upmove in the CFX crypto is supported by a high buying volume. So, it indicates that some big players have injected their money and are expecting an outperformance.&nbsp;</p> 
<p>In the last few weeks, CFX price had consolidated in the range between $0.1400 to $0.1800 and formed a base.&nbsp;</p> 
<p>Luckily, buyers have taken control over the higher range and displayed a massive breakout. So, if the price retraced back to the range, then the probability of getting a bounce remains high.&nbsp;</p> 
<p>Currently, <a href="https://www.thecoinrepublic.com/2023/11/20/conflux-price-prediction-correction-over-time-for-reversal/" target="_blank" rel="noreferrer noopener">CFX price </a>is trading at $0.2656 with an intraday decline of 6.55%. In the last 24 hours, the trading volume surged by 748% and the volume to market cap stands at 38.34%.</p> 
<h2 class="wp-block-heading" id="strong-is-the-breakout-in-conflux-price-reliable-strong"><strong>Is the Breakout in Conflux Price Reliable?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img loading="lazy" decoding="async" width="1600" height="711" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-146.png" alt="Conflux Price Rose 33%; Is it the Beginning of a Bull Run in CFX?" class="wp-image-183182" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-146.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-146-300x133.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-146-1024x455.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-146-768x341.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-146-1536x683.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-146-750x333.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-146-1140x507.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://www.tradingview.com/x/yBHIEQSc/">CFX/USDT</a> daily chart by Tradingview
  </figcaption>
 </figure>
</div> 
<p>Conflux price gained positive momentum in December and reached a six-month high at $0.2295.&nbsp;</p> 
<p>Buyers are trying to take control of the 6-month high supply zone. If they succeed, then the CFX price may show another rise of approx. 20% in a short period. However, if the price faced rejection from the $0.2295 hurdle, then it may spend time in consolidation.&nbsp;</p> 
<p>The analysis suggests that the <a href="https://www.thecoinrepublic.com/2023/11/20/conflux-price-prediction-correction-over-time-for-reversal/" target="_blank" rel="noreferrer noopener">Conflux price</a> is now in an uptrend and the recent breakout looks reliable. So, it’s better to play bullish bets in CFX and stay with the trend.</p> 
<h3 class="wp-block-heading" id="strong-cfx-price-in-the-initial-phase-of-bull-run-strong"><strong>CFX Price in the Initial Phase of Bull Run</strong></h3>  
<div class="tradingview-widget-container"> 
 <div id="tradingview_370cb"></div> 
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> 
 <script type="text/javascript">
  new TradingView.widget(
  {
  "width": "900",
  "height": "550",
  "symbol": "BINANCE:CFXUSDT",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
  "locale": "en",
  "enable_publishing": true,
  "allow_symbol_change": true,
  "studies": [
    "STD;RSI",
    "STD;Supertrend"
  ],
  "container_id": "tradingview_370cb"
}
  );
  </script> 
</div>  
<p>CFX price is in the initial phase of the bull run. But the confirmation will come when buyers can break the $0.2797 hurdle.&nbsp;</p> 
<p>Meanwhile, the overall crypto market is performing well which improves the market sentiment. So, it may positively impact the Conflux price and add to the momentum.&nbsp;</p> 
<p>The RSI at 70 near the overbought territory indicates that a minor correction may trigger time. However, the MACD curve is sloping upward and the histogram bar is green denoting more upward momentum will be visible soon.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Conflux price prediction suggests bulls are returning to track and CFX may hit a new swing high. The recent breakout looks reliable and indicates that a bull run will begin soon. Therefore, the investors may seek to buy CFX and participate in the rally.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<ul> 
 <li>Resistance levels: $0.2295 and $0.2797</li> 
 <li>Support levels: $0.1400 and $0.0994</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 Rose 33%; Is it the Beginning of a Bull Run in CFX?

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Thecoinrepublic.com

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