Market Overview for Conflux/Tether (CFXUSDT): 24-Hour Analysis

Summary
• CFXUSDT formed a bullish breakout above 0.0790 with strong volume confirmation.
• MACD turned positive, and RSI crossed 60, suggesting rising momentum.
• Bollinger Bands widened, reflecting increased volatility post-breakout.
• Volume surged in late trading, supporting the move above key resistance.

24-Hour Price and Volume Summary

At 12:00 ET–1 on January 3, 2026, CFXUSDT opened at 0.0757. Over the next 24 hours, the pair reached a high of 0.0808 and a low of 0.0755, closing at 0.0808 as of 12:00 ET on January 4. Total volume traded was 14,977,881.0, with a notional turnover of approximately 1,168,379.0 USD.

Structure and Momentum

Price action on the 5-minute chart showed a strong bullish continuation from the early hours of January 4, forming a valid breakout above the 0.0790 psychological level. A strong engulfing pattern emerged around 08:00 ET, followed by a series of higher highs and higher closes. The RSI rose steadily throughout the session, reaching 65 by the final candle, indicating growing bullish momentum, though not yet into overbought territory.

Volatility and Volume

Bollinger Bands expanded significantly during the breakout phase, confirming rising volatility. The bands were last seen at a width of ~0.002 at 17:00 ET, suggesting increased dispersion of price from the 20-period moving average. Volume surged in the final six hours of the session, especially from 11:00–17:00 ET, with a notable 1-hour candle on January 4 at 12:45 ET recording a volume spike of 2.1 million CFX, reinforcing the strength of the rally.

Key Levels and Fibonacci Retracements

Resistance at 0.0790 was decisively breached, and the next potential level is 0.0816 (38.2% Fibonacci retracement of the recent downswing). Support now appears at 0.0775 (61.8% retracement), where a previous consolidation occurred. The 5-minute 20/50 SMA crossed to bullish territory, while the daily 50/200 SMA also shows a positive bias.

Looking ahead, CFXUSDT may test the 0.0815–0.0820 range over the next 24 hours, with a risk of consolidation or pullback if volume slows. Investors should watch for any divergence between price and RSI, which could signal a potential reversal.