Conflux/Tether (CFXUSDT) Market Overview for 2025-09-26

• Price action for CFX/USDT on 2025-09-26 shows a volatile 15-minute range trade, rebounding from a sharp midday dip.
• Momentum, as measured by RSI, suggests moderate overbought conditions at close, with MACD showing converging bullish momentum.
• Notable volume spikes align with key support tests and bullish reversals in the early morning and late afternoon.
• Bollinger Bands indicate a recent expansion in volatility, with price near the upper band at close.
• A 15-minute bullish engulfing pattern appears at 15:30 ET, signaling potential short-term buying interest.

The CFX/USDT pair opened at $0.1377 at 12:00 ET on 2025-09-25, reached a high of $0.1461, and a low of $0.1369, closing at $0.1459 at 12:00 ET on 2025-09-26. The 24-hour trading volume amounted to 36,498,030 CFX, with a notional turnover of $5,303,319. The price action shows a clear reversal from an early afternoon dip, with buyers stepping in after a sharp breakdown and a retest of key support levels.

Key support levels appear to be $0.1375 and $0.14, with the former tested in two separate instances and holding. A notable bearish breakdown to $0.1369 in the early morning was followed by a strong rebound. Resistance levels at $0.141, $0.143, and $0.1455 were sequentially tested, with the final level being briefly breached at close. A bullish engulfing pattern formed near $0.1422–$0.1429 in the late afternoon, suggesting potential continuation.

Moving averages on the 15-minute chart show CFX/USDT trading above both the 20-period and 50-period moving averages. The daily chart indicates the price is above the 50 and 100-period moving averages but below the 200-period line, suggesting short-term bullish momentum amid a longer-term neutral to bearish trend.

RSI has entered overbought territory at close (~65–70), indicating exhaustion of recent buyers, while the MACD has crossed above the signal line with a narrowing histogram, suggesting momentum is slowing but still positive. Bollinger Bands are expanding, with price near the upper band, indicating heightened volatility and potential continuation. A breakdown below $0.138 could see further downside, while a break above $0.146 may trigger a short-term rally.

Fibonacci retracement levels from the key 15-minute swing low at $0.1369 to the swing high at $0.1461 show $0.1415 (38.2%) and $0.1439 (61.8%) as critical psychological levels. The price has tested the 61.8% level at close, suggesting potential for a pullback or consolidation before a breakout attempt. A breakdown from these retracement levels could see a retest of the 38.2% level or a return toward the early support.

Over the next 24 hours, a break above $0.146 may confirm bullish momentum and open the door to $0.148–0.15, while a retest of $0.138 could trigger a bearish continuation. Investors should closely monitor volume and RSI divergence to confirm the strength of any directional move.

Backtest Hypothesis

A potential backtesting strategy would focus on entries at key Fibonacci retracement levels (38.2% and 61.8%) when supported by a bullish engulfing or hammer pattern and confirmed by a MACD crossover. Long positions could be initiated at $0.1415–0.1435 with a stop-loss just below $0.1405, and short positions at $0.146 with a stop-loss above $0.1475. The strategy would exit at either the 1.272 extension or upon divergence in the RSI. This setup could be optimized using historical 15-minute data from similar volatile sessions.