Conflux Price Analysis: Will CFX Surge to hit $0.045

  • The EMA(50) is currently at $0.045.
  • Conflux shows bearish momentum over the weekend.
  • CFX/USD trades near $0.17.
  • CFX faces medium-term resistance at $0.053.

10 June 2023 : In this article we will walk you through Conflux price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Conflux, Is CFX a good investment? Conflux support & resistance levels etc. But before diving deep into the CFX technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,042,816,179,995. The total trading volume stands at $48,551,152,082. Bitcoin shares 47.71 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price dropping down to $25,649.57 level after a decline of -3.57%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price decrease of -5.86 percent reaching to $1,739.94 during the previous 24 hours.
While publishing this blog, BNB traded at $235.59, following a price change of -10.35%within the same time frame. XRP the native coin of XRP is down by -7.84 and currently trading at $0.49. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

Conflux Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Conflux (CFX)

CFX Resistance Levels CFX Support Levels
Resistance Level 1 $0.045 Support Level 1 $0.031
Resistance Level 2 $0.053 Support Level 2 $0.026
Resistance Level 3 $0.058 Support Level 3 $0.018

Conflux Performance

The price of Conflux (CFX) is at $0.17, down -25.64% in the past 24-hours and has a price change of -38.46% over the week. One day trading volume for BTC is 130,728,428.00 USD while total marketcap reached $496,104,038.00 USD. There are almost 2,885,972,916 are in circulation out of 5278164274.

Conflux Price Analysis

CFX price analysis for 10 June 2023 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Conflux.

Moving Averages Price Indicator
Simple Moving Average (10) 0.038 Buy
Exponential Moving Average (10) 0.038 Buy
Simple Moving Average (20) 0.040 Buy
Exponential Moving Average (20) 0.040 Buy
Simple Moving Average (50) 0.045 Buy
Exponential Moving Average (50) 0.045 Buy

While CFX’s Williams %R indicator is at -69.43 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The CFX/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term sell signal as the MACD line is moving below Signal Line Which means bears are dominating in the market. RSI implying near oversold phase while trading at 35 and is trying to break out of the bearish zone.


There had been a negative trend for some time and it seems that the coin's recuperation will continue as long as it remains in the reddish area. You should only acquire crypto right now if you're prepared to hold it through the ups and downs of the crypto market.