Conflux (CFX) Surges 7% Amid Breakout Rally and Major Upgrades
$CFX rebounded 7% after yesterday’s brutal 27% plunge, with bulls now battling to hold the key $0.20 level. As China’s sole government-approved Layer-1 blockchain celebrates new transaction milestones, weakening technicals suggest this recovery may be fragile.
The volatile price action comes amid Conflux Network’s expanding influence in Asia’s regulated crypto sector, where its unique compliance status fuels adoption.
Conflux Network ($CFX): Scalable Innovation Driving Ecosystem Growth
Conflux Network is a Layer-1 blockchain built for speed, compliance, and real-world use, especially in Asia.
The platform leverages its unique Tree-Graph consensus mechanism to achieve scalability. This mechanism, in combination with Conflux Network’s hybrid proof-of-work and proof-of-stake consensus, allows high transaction speeds and low costs.
This makes the network suitable for various decentralized applications and Web3 development.
A key differentiator is Conflux’s unmatched regulatory alignment. As the only Chinese government-approved public blockchain, it plays an important role in the region’s digital infrastructure.
This compliance has propelled institutional trust, which was reflected in the $CFX token’s recent price highs earlier in the week, marked by explosive trading volume and sustained buying pressure.
Analysts attribute this momentum to the imminent Conflux 3.0 mainnet upgrade, strategic stablecoin integrations, and accelerating real-world use cases.
Strong On-Chain Metrics and Institutional Momentum Boost $CFX Adoption
From its academic origins in Shanghai, Conflux has grown into a global Layer-1 force, now supporting 25+ million users and 170+ million transactions.
The blockchain continues to gain momentum as it advances through its mainnet phases. $CFX currently has a modest but growing total value locked (TVL) of approximately $16.72 million, according to DeFiLlama.
Conflux has also been busy teaming up with both public and enterprise organizations. The network’s most recent partnerships include prominent names such as the Shanghai Municipal Government, China Telecom, and Little Red Book.
In the case of Little Red Book, known as China’s Instagram, the network integrated with Conflux for easy NFT minting on its permissionless blockchain.
Other recent milestones include a partnership with AnchorX and Eastcompeace to launch a CNH-pegged stablecoin supporting Belt and Road payments, to boost cross-border trade and financial inclusion.
Conflux also partnered with AGNT Hub to allow creators, communities, and markets to connect across borders and protocols.
The ecosystem continues to expand through DeFi, NFT platforms, and interoperability tools like ShuttleFlow, driving user engagement. Conflux Network combines technological innovation, regulatory compliance, and institutional partnerships, factors that may support its growth and adoption in 2025.
However, after rallying sharply from the $0.191 low, $CFX/USDT has shown weakening momentum near the $0.2338 resistance level, where price action stalled during the session.
$CFX/$USDT: Short-Term Buyers Fatigued Below Resistance
The Conflux token initially responded well to the support test, bouncing with strength through the $0.21 handle and attempting to reclaim lost ground.
However, the reaction at the upper boundary of the move lacked substantial follow-through strong enough to move the needle, and the subsequent rejection has shifted the short-term tone back to caution.
Looking at the 30-minute price structure, the rebound appears corrective in nature. The rejection from $0.28 two days earlier marked the peak of an aggressive vertical rally.
This was followed by a sustained sell-off and base formation near $0.191, but the recovery since then has failed to reclaim the mid-range.
The inability to break through $0.2338 and form a higher high weakens the bullish case. Current price action, hovering near $0.211, suggests a potential rollover if buyers don’t step in soon.
The RSI indicator doesn’t fare better, as it has cooled off too.
After topping above 70, it has shifted down toward 42, without any signs of bullish divergence. The MACD offers a similar message. Both the main line and signal line are tightly compressed around zero, with histogram bars diminishing. There is little evidence of building trend strength on either side.
$CFX volume footprint data also illustrates this exhaustion.
During the move up toward $0.2338, positive delta supported the price. But the tone changed just beneath $0.218, where several candles started printing negative delta despite solid total volume.
We can infer that passive sellers have stepped in to absorb market buys. The strong buying effort between $0.211–$0.213 was met with resistance, and since then, net delta has turned red again.
Unless price reclaims the $0.218–$0.220 area in strength, we expect further downside pressures to resume. However, a price slump below $0.209 would expose $0.201 and potentially invite a retest of the $0.191 base. For now, the bounce appears to be losing steam as supply caps further progress.
The post Conflux (CFX) Surges 7% Amid Breakout Rally and Major Upgrades appeared first on Cryptonews.
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Conflux (CFX) Surges 7% Amid Breakout Rally and Major Upgrades
$CFX rebounded 7% after yesterday’s brutal 27% plunge, with bulls now battling to hold the key $0.20 level. As China’s sole government-approved Layer-1 blockchain celebrates new transaction milestones, weakening technicals suggest this recovery may be fragile.
The volatile price action comes amid Conflux Network’s expanding influence in Asia’s regulated crypto sector, where its unique compliance status fuels adoption.
Conflux Network ($CFX): Scalable Innovation Driving Ecosystem Growth
Conflux Network is a Layer-1 blockchain built for speed, compliance, and real-world use, especially in Asia.
The platform leverages its unique Tree-Graph consensus mechanism to achieve scalability. This mechanism, in combination with Conflux Network’s hybrid proof-of-work and proof-of-stake consensus, allows high transaction speeds and low costs.
This makes the network suitable for various decentralized applications and Web3 development.
A key differentiator is Conflux’s unmatched regulatory alignment. As the only Chinese government-approved public blockchain, it plays an important role in the region’s digital infrastructure.
This compliance has propelled institutional trust, which was reflected in the $CFX token’s recent price highs earlier in the week, marked by explosive trading volume and sustained buying pressure.
Analysts attribute this momentum to the imminent Conflux 3.0 mainnet upgrade, strategic stablecoin integrations, and accelerating real-world use cases.
Strong On-Chain Metrics and Institutional Momentum Boost $CFX Adoption
From its academic origins in Shanghai, Conflux has grown into a global Layer-1 force, now supporting 25+ million users and 170+ million transactions.
The blockchain continues to gain momentum as it advances through its mainnet phases. $CFX currently has a modest but growing total value locked (TVL) of approximately $16.72 million, according to DeFiLlama.
Conflux has also been busy teaming up with both public and enterprise organizations. The network’s most recent partnerships include prominent names such as the Shanghai Municipal Government, China Telecom, and Little Red Book.
In the case of Little Red Book, known as China’s Instagram, the network integrated with Conflux for easy NFT minting on its permissionless blockchain.
Other recent milestones include a partnership with AnchorX and Eastcompeace to launch a CNH-pegged stablecoin supporting Belt and Road payments, to boost cross-border trade and financial inclusion.
Conflux also partnered with AGNT Hub to allow creators, communities, and markets to connect across borders and protocols.
The ecosystem continues to expand through DeFi, NFT platforms, and interoperability tools like ShuttleFlow, driving user engagement. Conflux Network combines technological innovation, regulatory compliance, and institutional partnerships, factors that may support its growth and adoption in 2025.
However, after rallying sharply from the $0.191 low, $CFX/USDT has shown weakening momentum near the $0.2338 resistance level, where price action stalled during the session.
$CFX/$USDT: Short-Term Buyers Fatigued Below Resistance
The Conflux token initially responded well to the support test, bouncing with strength through the $0.21 handle and attempting to reclaim lost ground.
However, the reaction at the upper boundary of the move lacked substantial follow-through strong enough to move the needle, and the subsequent rejection has shifted the short-term tone back to caution.
Looking at the 30-minute price structure, the rebound appears corrective in nature. The rejection from $0.28 two days earlier marked the peak of an aggressive vertical rally.
This was followed by a sustained sell-off and base formation near $0.191, but the recovery since then has failed to reclaim the mid-range.
The inability to break through $0.2338 and form a higher high weakens the bullish case. Current price action, hovering near $0.211, suggests a potential rollover if buyers don’t step in soon.
The RSI indicator doesn’t fare better, as it has cooled off too.
After topping above 70, it has shifted down toward 42, without any signs of bullish divergence. The MACD offers a similar message. Both the main line and signal line are tightly compressed around zero, with histogram bars diminishing. There is little evidence of building trend strength on either side.
$CFX volume footprint data also illustrates this exhaustion.
During the move up toward $0.2338, positive delta supported the price. But the tone changed just beneath $0.218, where several candles started printing negative delta despite solid total volume.
We can infer that passive sellers have stepped in to absorb market buys. The strong buying effort between $0.211–$0.213 was met with resistance, and since then, net delta has turned red again.
Unless price reclaims the $0.218–$0.220 area in strength, we expect further downside pressures to resume. However, a price slump below $0.209 would expose $0.201 and potentially invite a retest of the $0.191 base. For now, the bounce appears to be losing steam as supply caps further progress.
The post Conflux (CFX) Surges 7% Amid Breakout Rally and Major Upgrades appeared first on Cryptonews.
Read More