bullish

Wormhole

Conflux

Gains

<p>The price of Conflux (CFX) has been going up for the past 2 days, increasing by close to 30%. The price is following a broader bullish trend from the beginning of September.</p>
<p>Many investors are now in search of opportunities to enter into the bullish trend and possibly make some profit. But is it a good buy yet?</p>
<p>A broader look at the chart shows that the price has been consolidating below the $0.1921 resistance since June.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/holders-of-these-cryptos-be-careful-massive-unlocks-coming-for-sui-ondo-and/" target="_blank" rel="noopener noreferrer nofollow">Holders Of These Cryptos, Be Careful! Massive Unlocks Coming for SUI, ONDO, And…</a></em></strong></p>
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<p>Now that <a href="https://coinmarketcap.com/currencies/conflux-network/" target="_blank" rel="noopener noreferrer nofollow">the CFX price</a> has gotten close to the level again, buyers may start to take profit, which could cause a retracement.</p>
<p>A good point to buy could be when the resistance at $0.1921 breaks out. This could be a total change of trend or trigger more bullish moves.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/heres-why-wormhole-w-price-is-pumping/" target="_blank" rel="noopener noreferrer nofollow">Here’s Why Wormhole (W) Price Is Pumping</a></em></strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="480" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-678-1024x480.png" alt="" class="wp-image-561030" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-678-1024x480.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-678-300x141.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-678-768x360.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-678-1536x720.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-678-2048x960.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-678-320x150.png 320w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-678-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-678-746x350.png 746w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-678-788x369.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-678.png 1802w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The Relative Strength Index is at 71, entering into the overbought position; this could also mean the price could see some retracement soon.</p>
<p>The 50-day and 100-day simple moving averages are below price, supporting the possibilities of an upward move in the short and medium term. However, the 200-day simple moving average is still above the price, and it could potentially serve as resistance for price in the long term.</p>
<p>Traders will need to put these different factors in place before making a decision as the price gets closer to a major resistance.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/conflux-cfx-price-is-pumping-but-key-metrics-signal-caution-heres-the-outlook/" rel="noopener noreferrer nofollow">Conflux (CFX) Price is Pumping, But Key Metrics Signal Caution: Here’s the Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Conflux (CFX) Price is Pumping, But Key Metrics Signal Caution: Here’s the Outlook

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