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Summary
• Price surged past key resistance before consolidating in the final hours.
• MACD signaled strong bullish momentum, fading toward the end of the session.
• Volume spiked in the afternoon, supporting the rally but diverging with price near close.
• RSI reached overbought territory, suggesting potential near-term exhaustion.
• Bollinger Bands widened early, indicating heightened volatility followed by contraction.
At 12:00 ET on 2025-12-12, Conflux/Tether (CFXUSDT) opened at $0.0712, touched a high of $0.0736, and closed at $0.0734 after hitting a low of $0.0686. Total volume over 24 hours was 37,637,732.0, with a notional turnover of $2,693,739.
Structure & Formations
Price pushed above a prior high of $0.0733 before encountering a bearish divergence in the final 90 minutes.

Moving Averages
On the 5-minute chart, the 20-period moving average crossed above the 50-period line in the morning, signaling short-term bullish momentum. The 50-period line, however, began to slope downward by late afternoon, potentially signaling exhaustion. Daily 200-period MA sits at $0.0715, indicating CFX remains above its mid-term trend.
MACD & RSI
MACD turned bullish in the morning, with a strong positive histogram, but started to contract by 16:00 ET as bears pushed price down. RSI entered overbought territory around 10:00–12:00 ET but failed to sustain the move, closing near 60. This suggests weakening bullish momentum and possible short-term profit-taking.
Bollinger Bands
Bands expanded significantly between 12:00 and 16:00 ET, reflecting high volatility. Price peaked near the upper band but retracted sharply in the final hours, finding refuge in the middle band by the close. This suggests a return to a period of consolidation after a volatile session.
Volume & Turnover
Volume spiked sharply in the afternoon, especially around the $0.0733–$0.0735 level, confirming the bullish breakout. However, in the final two hours, volume decreased despite continued downward price movement, suggesting a potential bearish divergence. Turnover mirrored volume patterns, with strong buying seen before 15:00 and weaker selling pressure in the last 90 minutes.
Fibonacci Retracements
Key Fibonacci levels on the 5-minute chart at $0.0727 (38.2%) and $0.0721 (61.8%) provided support during the pullback. On the daily chart, the $0.0714–$0.0735 range suggests a 50% retest at $0.0725 may act as a near-term pivot.
CFXUSDT appears to be consolidating after a volatile breakout. While short-term momentum is fading, bears may test the $0.0725 level in the next 24 hours. Investors should remain cautious about overbought conditions and divergence in the MACD.
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