Market Overview for Conflux/Tether (CFXUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Jan 17, 2026 9:24 pm ET1min read
CFX
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Aime RobotAime Summary

- Conflux/Tether (CFXUSDT) surged from $0.0746 to $0.0805, breaking above $0.0775 with high-volume bullish candles.

- RSI hit overbought levels (69-71) and Bollinger Bands widened as volatility spiked during the 24-hour rally.

- $277,000 turnover and 5-hour block printing above $0.0775 suggest coordinated accumulation ahead of $0.0790-0.0795 consolidation.

- Fibonacci analysis identifies $0.0792-0.0797 as key resistance, with risks of profit-taking if $0.0790 support fails.

Summary
• Price surged from $0.0746 to $0.0809, forming bullish patterns with key resistance at $0.0765–0.077.
• Momentum accelerated in the final 6 hours, pushing RSI to overbought territory above 65.
• Volume spiked during the breakout above $0.0775, confirming strength in higher-range candles.
• Bollinger Bands widened as volatility increased, with price near upper bands during the rally.
• Turnover exceeded $277,000, with 5-hour block printing above $0.0775 suggesting coordinated accumulation.

Conflux/Tether (CFXUSDT) opened at $0.0746 on 2026-01-16 12:00 ET, hit a high of $0.0813, a low of $0.0744, and closed at $0.0805 by 12:00 ET on 2026-01-17. Total volume reached 15.48 million CFX, with $1.25 million in notional turnover.

Structure & Key Levels


The price action formed a bullish breakout above the $0.0775 psychological level, followed by a strong rally to $0.0805. A descending triangle pattern from $0.0744 to $0.0775 gave way to a breakout confirmed by high volume and strong follow-through. A key support level appears at $0.0765–0.077, where multiple 5-minute candle closes clustered.

Momentum and Volatility



MACD showed a bullish crossover with a positive histogram expanding in the final 6 hours, while RSI pushed into overbought territory, peaking near 69–71. Bollinger Bands expanded significantly as volatility increased, with price reaching the upper band during the final hours.

Volume and Turnover


Volume surged during the breakout phase, especially between 05:00 and 06:00 ET, when the price moved from $0.077 to $0.0775, printing large-volume bullish candles. Turnover spiked during this period as well, with $277,000 in turnover recorded between 06:00 and 07:00 ET.

Patterns and Fibonacci Levels


A bullish engulfing pattern emerged at $0.0772–0.0775, suggesting short-term buying pressure. Fibonacci retracements indicate that the $0.0792–0.0797 level aligns with 61.8% of the prior swing from $0.0744 to $0.0813, which may act as a short-term resistance.

Forward-Looking View


The breakout above $0.0775 appears to have attracted strong follow-through buying, with price approaching $0.0810. However, the overbought RSI and tight positioning above $0.0795 could invite profit-taking. Investors should monitor $0.0790–0.0795 as a potential consolidation zone ahead of the next 24 hours, with risk of a pullback if key support levels fail.