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

Summary
• Price action formed a bullish reversal pattern near 0.0715–0.0717.
• RSI hovered near neutral, with no clear overbought or oversold signals.
• Volatility increased as Bollinger Bands expanded following the 0.0715 support test.
• Turnover remained steady, showing no divergence from price movement.

Conflux/Tether (CFXUSDT) opened at 0.0707 on December 19, 2025, reached a high of 0.0725, a low of 0.0696, and closed at 0.0717 as of 12:00 ET on December 20. Total volume for the 24-hour period was 20,964,070.0, with a notional turnover of approximately $1,478,550 (based on volume × average price).

Structure & Formations

Price tested key support near 0.0715 and responded with a strong bullish engulfing pattern during the 23:45–00:00 ET window. The 0.0715 level appears to have held as a short-term floor, with resistance forming around 0.0720–0.0725. A potential consolidation phase may occur near 0.0715–0.0717, with Fibonacci 38.2% retracement aligning with this area.

Moving Averages and Momentum

On the 5-minute chart, the 20-period MA showed a slight upward bias, crossing above the 50-period MA during the early morning hours. The MACD crossed into positive territory around 03:45 ET, signaling a short-term bullish shift. RSI remained in the 50–60 range, suggesting balanced momentum with no immediate overbought or oversold conditions.

Volatility and Volume Analysis

Bollinger Bands experienced moderate expansion during the late evening hours as volatility increased. Price remained within the upper band during the 19:00–20:00 ET period before consolidating near the midline. Volume spiked above average during the 20:30–21:00 ET hour, confirming the move above 0.0720. However, volume decreased significantly after 06:00 ET, suggesting reduced conviction in the recent rally.

Looking ahead, a break above 0.0720–0.0725 could signal renewed buying interest, while a retest of 0.0715–0.0712 may test the strength of the recent support. Investors should monitor volume patterns and divergence signs, as a prolonged consolidation phase could precede a decisive move. As always, volatility remains a risk, and positions should be managed accordingly.