Market Overview: Conflux (CFXUSDT) 24-Hour Technical Summary

Generated by AI AgentAinvest Crypto Technical Radar
Saturday, Aug 9, 2025 6:04 pm ET1min read
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Aime RobotAime Summary

- Conflux (CFX/USDT) surged to $0.2204, driven by strong early ET volume and a bullish breakout above $0.216.

- RSI hit overbought levels (73) and Bollinger Bands expanded, confirming volatility and upward momentum despite no bearish reversal patterns.

- A bullish engulfing pattern and 61.8% Fibonacci retracement at $0.215–0.216 reinforced short-term support, while MACD confirmed the rally.

- Traders warned of potential pullbacks due to overbought RSI, but the trend remains intact if price holds above $0.212–0.213.

• Price rose sharply in early morning ET, closing near a high of $0.2194 before consolidating.
• Volume surged during the 0300–0700 ET window, confirming the strength of the

bullish
breakout.
• RSI moved into overbought territory, suggesting potential for near-term profit-taking or consolidation.
• Bollinger Bands expanded, indicating rising volatility and a potential continuation of the upward trend.
• No clear bearish reversal patterns emerged, but divergence between price and RSI suggests caution.

At 12:00 ET−1, Conflux (CFXUSDT) opened at $0.2117, hit a 24-hour high of $0.2204, a low of $0.2059, and closed at $0.2135 by 12:00 ET. The total traded volume was 405,927,675 and the notional turnover was $85,173,309. The price action shows strong bullish momentum, especially in the early hours of the session.

Structure & Formations


A key breakout above $0.216 appears to have sparked a rally toward $0.220, with $0.213–0.215 acting as a short-term support zone. A bullish engulfing pattern emerged around 0500–0600 ET, signaling a reversal from a prior bearish trend. A doji at $0.215 later in the session suggests indecision and potential for consolidation.

Moving Averages


On the 15-minute chart, the 20SMA and 50SMA crossed above key support levels, reinforcing the bullish bias. Daily moving averages (50, 100, 200) remain below the 24-hour high, indicating the asset is trending above key trend lines and could remain in a bullish phase if it holds above $0.212.

MACD & RSI


The MACD crossed above the signal line during the early morning surge, confirming bullish momentum. RSI reached 73 (overbought territory) around $0.2194, suggesting possible pullback. However, no clear divergence was observed, so the uptrend appears to be supported by momentum.

Bollinger Bands


Bands have widened significantly, showing increased volatility following the breakout. Price remains well above the 20-period middle band, with the upper band reaching $0.220. This expansion supports the case for a potential continuation of the trend if price remains above the middle band.

Volume & Turnover


Volume spiked in the 0300–0700 ET period, aligning with the price rise and suggesting strong buying interest. Notional turnover surged in step with volume during this window, offering confirmation of the bullish move rather than divergence. Volume has since decreased, indicating a potential pause or consolidation.

Fibonacci Retracements


On the 15-minute chart, the price pulled back to 61.8% retracement levels at $0.215–0.216, then pushed higher. On the daily chart, the $0.215 level marks a 38.2% retracement of a recent bearish leg, suggesting it could serve as a short-term floor or pivot zone.

Looking ahead, CFX/USDT may continue upward if it holds above $0.213, with resistance at $0.217–0.219 and support at $0.212–0.213. However, traders should remain cautious as RSI overbought levels may invite profit-taking or a short-term pullback.