Conflux (CFX) has captured the crypto spotlight with a massive 200% rally, propelled by the rollout of its Tree-Graph 3.0 upgrade. The token now trades around $0.22, showing signs of forming a bull flag—a chart pattern that often hints at a continuation of bullish momentum.
The price action began in early July from a strong support at $0.0915 and has climbed rapidly since. With CFX testing resistance near $0.2508 (upper Bollinger Band), technicals suggest both opportunity and risk. The MACD indicator shows fading bullish strength as the histogram declines, hinting at a possible short-term pullback.
If CFX dips, immediate support lies around $0.1962, followed by a lower level at $0.1732. However, a decisive break above $0.2299 could propel the token past $0.2572 and even toward $0.28 in the coming days.
Trading volume has dipped slightly, which often precedes a consolidation or a reversal. Yet, renewed volume could reignite the rally. For now, all eyes are on whether this bull flag confirms an explosive breakout—or if the price correction is about to start.
CFX traders are walking a tightrope: bullish continuation or looming fade?
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