CFX / TetherUS

Will CFX Be Able To Achieve Its Previous ATH?

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Conflux has a market cap of $866 Million and is ranked near 99 at the CMC. The market cap of CFX has dropped from the highs of $2 Billion in March to $860 Million in May. CFX token price is currently trading near $0.21 while seeing a drop of 26% in the last one year.
The token price is currently trading in a consolidating range with small bearish candles on the daily chart. It is trading below the 50 and 100 EMA which can also act as a resistance. The upside trend of CFX can see a halt near $0.36 while the support can be seen near $0.18.
The RSI of CFX is near 42 with no slope in it. The overall sentiment of the indicator is neutral in nature.

Penafian

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