Market Overview for Conflux/Tether (CFXUSDT): 2025-09-15

• CFXUSDT posted a 0.1748 close with 0.176 high and 0.1742 low; total volume reached 31.2 million.
• Price bounced from a 0.1742 support level and formed a bullish engulfing pattern near 0.175.
• RSI entered overbought territory mid-day, while MACD showed positive divergence after midday.
• Bollinger Bands widened significantly in the last 3 hours, signaling rising volatility.
• Turnover spiked during the 03:45–04:45 ET window, coinciding with a sharp price rise to 0.1852.

Conflux/Tether (CFXUSDT) opened at 0.1751 on 2025-09-14 at 12:00 ET and reached a high of 0.1838 before closing at 0.1841 at 12:00 ET on 2025-09-15. Total volume for the 24-hour period was 31.2 million tokens, with notional turnover surging due to the late-night and early-morning rally. The market has shown strong volatility, with sharp intraday swings and a clear shift in momentum toward the upside.

Structure & Formations

The pair tested key support levels around 0.1742–0.1749 multiple times throughout the day, with bounces forming small bullish patterns like the bullish engulfing and a potential morning star. The most notable move occurred between 03:45 and 04:45 ET, where price surged from 0.1785 to 0.1852 in under 90 minutes. Resistance levels at 0.1805 and 0.1831 appear to be psychological hurdles, and a successful close above 0.185 could trigger further momentum.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed above the 50-period line in the morning, signaling a short-term bullish bias. The daily 50 and 200 EMAs suggest a stronger uptrend, with price above both indicators. If the 0.1852 high is confirmed as a breakout, the 50-day MA at ~0.186 could become a new support level.

MACD & RSI

The MACD line crossed above the signal line in the late hours, confirming a bullish signal. RSI reached overbought territory (~70–75) at the top of the rally, suggesting a temporary pause may follow. However, the divergence between RSI and price—RSI peaking while price continued higher—hints at strong buying pressure.

Bollinger Bands

Bollinger Bands expanded significantly in the early morning as volatility surged, with price closing above the upper band at 0.1852. This expansion indicates high conviction in the bullish move and suggests the market is pricing in a high-probability continuation or consolidation around the new range.

Volume & Turnover

Volume spiked dramatically during the early morning hours, with over 6.9 million tokens transacted in the 04:00–04:45 ET window as price moved from 0.1811 to 0.1852. This confirms the move is backed by strong liquidity and not a flash crash/crash. Notional turnover increased in tandem, showing no signs of price–volume divergence.

Fibonacci Retracements

Applying Fibonacci retracement to the 0.1742–0.1852 move, the 0.1790 (38.2%) and 0.1835 (61.8%) levels appear to be key potential support/resistance levels. The 0.1852 high may mark a near-term top, with a possible retest of 0.1835 expected if the trend consolidates.

Backtest Hypothesis

A backtesting strategy could exploit the recent bullish divergence in RSI and MACD combined with a breakout above 0.1831, using a long entry on a close above 0.184 with a stop just below 0.182 and a target at 0.1865. Given the strong volume confirmation and momentum indicators, this setup may have a high probability of success in a low-volatility continuation phase.