The cryptocurrency Conflux (CFX) shocked the market with a dramatic 98.49% surge in the last 24 hours, drawing traders' attention.
Sharp Price Surge of Conflux
Conflux (CFX), a Layer-1 blockchain built for high throughput and regulatory compliance, has seen a remarkable price surge of 98.49%, reaching $0.2106. This unexpected breakout has drawn traders' attention amid a broader recovery in altcoins and infrastructure tokens. Such a rise may signal a significant shift in market dynamics, leveraging Conflux's unique position between East and West.
Technical Analysis and Support Levels
CFX has smashed through the upper Bollinger Band with substantial force, indicating a strong bullish signal. The middle band (20-day SMA) is at $0.0945, while the upper and lower bands sit at approximately $0.1538 and $0.0351 respectively. The RSI at 92.64 suggests overbought conditions but may also indicate the beginning of a strong upward movement. The nearest support level is at $0.0945.
Future Prospects of Conflux Until 2029
Forecasts suggest that Conflux may achieve significant milestones in the coming years. In 2025, it is expected to average around $0.25. With further integration into Chinese blockchain initiatives, the price could rise to $0.38 in 2026 and possibly reach $0.70. Given potential institutional support, CFX could hit $1.15 by 2029.
Conflux is exhibiting powerful growth, confirmed by price actions and investor sentiment. Its unique aspects, such as regulatory compliance and ecosystem development, position it favorably for future growth.
