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Summary
• Price formed a bearish engulfing pattern at 0.0744, suggesting a short-term reversal.
• Volume spiked sharply during the 22:45–23:00 ET window, confirming bearish momentum.
• RSI crossed into oversold territory near 0.0722, hinting at potential short-term rebound.
• Bollinger Bands widened during the dump, signaling increased volatility.
• Turnover remained subdued during bullish attempts, questioning buying conviction.
Conflux/Tether (CFXUSDT) opened at 0.0739 on 2025-12-25 at 12:00 ET, reached a high of 0.0744, and closed at 0.0721 by 12:00 ET on 2025-12-26, after touching a low of 0.0717. The total 24-hour volume was 8,313,655.0 and turnover stood at 586,849.87 USD.

On the recent 5-minute swing from 0.0744 to 0.0717, the 61.8% retracement level is around 0.0731. Price appears to have tested this level but lacked follow-through, indicating a possible short-term reversal. Daily Fibonacci levels may offer additional context if the trend continues.
Market appears to be testing a key support zone around 0.0720–0.0725, with a potential for a short-covering rally. However, a close below 0.0720 may signal a deeper pullback. Investors should remain cautious of thin volume and erratic price swings over the next 24 hours.
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