Important Highlights
- CFX CRYPTO is up 100% after strong technical and ecosystem triggers
- Derivatives and on-chain statistics suggest high demand and positive momentum.
- Next major price target: $ 0.21, $ 0.235, $ 0.2736- and maybe $ 0.33
CFX CRYPTO Is Heating Up: Here’s Why Everyone’s Watching
In a move that’s turned heads across the crypto world, CFX CRYPTO just pulled off a jaw-dropping 100% surge with a single-day spike of over 40%.
So, what’s behind this explosive rally?
Well, it’s not just hype.
A perfect storm of factors came together. First off, a massive short squeeze liquidated more than $1 million in short positions.
This means that traders who bet against CFX Crypto were caught by guards, and when they ran to buy their positions back, the price was shot even faster.
Meanwhile, there was some exciting news from the recent Conflux Ecosystem Conference in Shanghai.
The team announced a big update coming with Conflux 3.0, such as 15,000 transactions per second, upcoming stabelcoin trials, and even plans to tie into real world assets.
But are people really talking? Rumors of a yuan supported offshore Stabecrim are associated with China’s belt and road initiative.
This type of conversation greatly increased investor interest in CFX Crypto, particularly in China, where Conflux has a regulatory advantage.
With all that going on, trading volume jumped a massive 374%, and both spot and futures markets flipped from neutral to fully bullish.
Behind the Hype: CFX CRYPTO Data Looks Solid
Now, rallies like this can sometimes fizzle out fast but in this case, the data says otherwise.
Let’s start with the derivatives market. Open interest on futures contracts (basically the amount of money traders are putting into bets on price movement) jumped by 109% in just 24 hours.
Plus, funding rates on platforms like Binance, Bybit, and OKX turned positive another clear sign that traders are leaning bullish.
On-chain activity backs that up. More people are moving CFX CRYPTO off exchanges, which usually means they plan to hold, not sell.
Also, there’s been a spike in both active addresses and transaction volume a good signal that this isn’t just traders speculating, but users getting involved with the network.
Bottom line? The numbers show that this run isn’t just noise there’s real interest growing behind CFX CRYPTO.
Is CFX CRYPTO Ready to Push Higher? Let’s Talk Charts
Looking at the chart, things are lining up nicely for CFX CRYPTO.
The token has officially broken above the $0.10 resistance level a huge milestone and closed above its 200-day EMA, which is often seen as a long-term trend indicator.
We’re also seeing a bullish MACD crossover and an expanding RSI, showing strong momentum without signs of slowing down just yet.
If the price is above $ 0.145, then the way forward looks rapid.
According to Fibonacci extension levels, the next resistance zones are at $0.21 and $0.235.
And if we see a weekly close above $0.18, it could open the door to $0.2736(last seen in December 2024), and possibly a shot at the $0.30–$0.33 range.
So far, so good.
The Golden Cross Is Coming And That’s a Big Deal
There is another reason to remain optimistic here: 50-day and 200-day moving averages are on track to create a golden cross.
When the short -term average crosses above the long period, and it is often seen as the beginning of a major uptrend.
Indeed, RSI is an overbot, which can occasionally be interpreted as a sign of coolness. But in strong bull runs, this may mean that buyers are under control.
Add in the fact that ecosystem upgrades are rolling out soon, and the fundamentals actually back up what we’re seeing on the charts.
sight
So, What’s Next for CFX CRYPTO?
If you’re already in, great. If you’re still watching from the sidelines, here’s the deal: as long as CFX CRYPTO holds above $0.145, the trend looks healthy.
A bit of consolidation between $0.145 and $0.18 would be totally normal and may even offer another buying opportunity.
The big question is whether it can break past $0.235. If it does, it could be game on for $0.2736, and possibly even $0.33, where some big historical resistance waits.
Want to dive deeper? Keep an eye on the Conflux Network Blog for project updates, and check out the CFX chart on TradingView for real-time price action.