Market Overview for Conflux/Tether (CFXUSDT) on 2026-01-01

Summary
• CFXUSDT formed a bullish reversal pattern near 0.0686 with increasing volume and momentum.
• Price surged past 0.0705 on strong volume, but faces near-term resistance at 0.0715–0.072.
• Volatility expanded with price hitting a 24-hour high of 0.0736 amid rising turnover.
• RSI suggests overbought conditions, indicating potential for a short-term pullback.
• Bollinger Bands show price near the upper band, signaling heightened volatility and possible consolidation.

The CFXUSDT pair opened at 0.0701 (12:00 ET − 1), hit a high of 0.0736, a low of 0.0686, and closed at 0.0715 (12:00 ET). Total 24-hour volume reached ~2.54 million CFX, with notional turnover of ~185,706.68 USD.

Structure & Moving Averages

The 24-hour period saw a strong upward shift, with price forming a bullish reversal pattern after reaching support at 0.0686. The 20-period and 50-period moving averages on the 5-minute chart indicate an accelerating uptrend, with CFXUSDT closing above both. On a daily basis, the 50/100/200 EMA lines appear to be aligning in a bullish formation, supporting further upward momentum if 0.0715 is confirmed as support.

Momentum and Volatility

Momentum surged during the latter half of the day, with RSI reaching overbought territory around 0.0725–0.0736. This suggests a possible near-term consolidation or pullback. Bollinger Bands show a widening range, with price frequently brushing the upper band, indicating heightened volatility and potential for short-term correction.

Volume and Turnover

Volume spiked significantly during the 17:00–18:00 ET window, coinciding with a breakout above 0.0715 and the eventual high at 0.0736. Notional turnover followed a similar pattern, confirming price action. A divergence between volume and price may hint at a possible pause ahead.

Key Levels and Fibonacci Retracements

Support is currently holding at the 0.0712–0.0715 range, while resistance is building around 0.072–0.0725. Fibonacci retracements from the 0.0686–0.0736 move suggest key levels at 0.0718 (61.8%) and 0.0710 (38.2%). A test of these levels could determine the next directional bias.

CFXUSDT appears to have momentum on its side, but overbought conditions and diverging volume patterns may limit further gains in the near term. Investors should closely watch price behavior around 0.072 for potential trend continuation or reversal. As always, volatility remains high, and sudden reversals are possible.