Conflux decreases by 10 %, but CFX prices are at this decisive level star-news.press/wp

Main meals

Conflux has risen about 10 % in the past 24 hours. The maximum pain was long at $ 0.20 while the maximum pain was at $ 0.23. Bulls or bears, who wins this round?

The price of Conflux (CFX) has maintained a clear trend since July 19, when it rose more than $ 0.10. Since the closure of the day before, Conflux has increased by 10 %, according to Coinmarketca.

This mutation can be attributed to two factors, that is, the selective altcoin season and Yuan Stablecoin plans in Conflux.

The novels were nourishing this unusual trend at a time when Bitcoin (BTC) and ETHEREUM (ETH) had not only maintained their strengths.

The maximum pain levels for CFX

According to Coinglass, the maximum pain levels of length and princess were at $ 0.20 and $ 0.23, respectively. More than $ 258,000 of requests were submitted by sellers, while buyers were about 280,000 dollars.

Source: Coinglass

The maximum pain levels have set the levels that were bulls and bears ready for protection. Failure to do this would lead to qualifiers from either of them.

During, Cryptoquant The analysis showed that CVD Taker was dominant in both Al -Baqa and Futures Market. Also, retail activity was heating in this bull battle.

This is in mind, Conflux Crypto was suffering from a clash between market participants.

The bulls and bears are confronting

CFX showed a technical awareness that the bulls were carrying the ground, but the bears were declining every time. Since the beginning of August, CFX has restricted to a range between maximum pain levels.

Since July 19, CFX has moved 3X but at the time of the press, the gains have been reduced to 2X, at $ 0.22.

However, the price of Conflux has formed an inverted and shoulder pattern, as the neckline coincides with the maximum pain of short pants. Of course, the style is upward.

Source: TradingView

The momentum was also indicating the ups of 0.0223. Also, repeat the value of 4 of the progress/decline index.

From the appearance, the CFX bulls seemed to bears. The breach can be seen and retained the level of the pain of $ 0.23 that the bulls wear the price to $ 0.27. Instead, failure to defend $ 0.20 means reconsidering $ 0.18 or $ 0.16.

Drink network activity

It should be noted that the network activity. The number of monthly active headlines reached a rise of 15.2 thousand for the period since August 2024. The number of unique titles was 4.7 thousand.

Source: Token Terminal

Token ATH trading volume was $ 2.62 billion earlier this month. However, the TH3 value decreased to 434 million dollars.

In conclusion, the bulls were fighting an enthusiastic battle, but the bears could be ignored.