Conflux (CFX)
Conflux Network is an open network built to drive the next generation of global commerce by unlocking the decentralized applications and digital assets of tomorrow. Conflux enables secure and interoperable flow of assets and data across protocols & applications to create an internet of value for all.
1. CFX Basic Info
| Symbol | CFX |
| Name | Conflux |
| Web Site | https://www.confluxscan.io/ |
| Wallet | -- |
| Source | -- |
| Explorer | https://www.confluxscan.io/ |
| Forum | -- |
| Mining | |
| Supply | 5000000000 |
| Available Supply | 5019250000 |
| Market Cap | 388238987.5 |
| White Paper | -- |
| Is ICO | None |
| Raised Funds | - |
| Distribution | - |
| Algorithm | -- |
| Proof | -- |
| Total | 5000000000 |
| Release Date | 2020-10-29 |
2. CFX Technical Info
2.1 CFX Kline Chart Price
2.2 CFX Technical Analysis
Based on the provided K-line data, the short-term trend is likely to be bearish. The price experienced a significant decline in recent days, particularly the dramatic drop on 2025-03-11 and the subsequent consolidation. The volume spikes observed during the price declines suggest strong selling pressure.
The immediate future suggests a potential for continued downward movement, possibly testing the support level around 0.076. A further breakdown could lead to a deeper correction, with potential targets around the 0.070 to 0.073 range.
However, there is also a possibility of a short-term pullback or consolidation phase before any further significant price movement. If the price manages to stabilize and show signs of accumulation, there could be a temporary recovery.
Overall, the current market sentiment appears to be negative, and traders should be prepared for potential volatility and further downside risks. Investors should monitor the key support and resistance levels for any potential trend reversals.
