Market Overview for Conflux/Tether (CFXUSDT) – October 27, 2025

• CFXUSDT traded in a 24-hour range of $0.1125–$0.1197, closing near key support at $0.1161.
• Volatility spiked post-ET hours, with a sharp rally from $0.1153 to $0.1197 driven by increased turnover.
• RSI remained below 50, suggesting bearish momentum; no overbought/oversold extremes observed.
• Volume surged in the early hours of October 27, aligning with a price break above $0.1160.
• Bollinger Bands showed recent expansion, indicating heightened volatility during key price movements.

The Conflux/Tether pair (CFXUSDT) opened at $0.1132 on October 26, 12:00 ET, and reached a high of $0.1197 before settling at $0.1161 at 12:00 ET on October 27. The 24-hour low was $0.1125. Total volume reached approximately 19.9 million CFX, with a notional turnover of roughly $2.35 million, based on the weighted average of each 15-minute candle. The price action reflects a volatile session with clear intraday bullish and bearish waves.

Structure & Formations

The CFXUSDT pair displayed a distinct price structure on October 27, with support forming around $0.1160 and resistance clustering near $0.1180. A notable formation occurred during the early hours, where a bullish breakout above $0.1165 was confirmed by a large-volume candle. A bearish consolidation followed, with price retreating to the 61.8% Fibonacci level of the earlier bullish wave. No clear bearish engulfing or bullish engulfing patterns were identified, though several doji and spinning top candles signaled indecision among traders during consolidation phases.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in a bullish manner late on October 26, supporting the early morning rally. The 50-period MA held as dynamic support during the bearish pullback, preventing further deterioration. On the daily chart, the 50-period and 200-period moving averages remain in a bearish divergence, suggesting medium-term bearish bias despite the recent intraday strength.

MACD & RSI

The MACD line crossed above the signal line during the rally, confirming short-term bullish momentum. However, the histogram began to contract as the price pulled back, indicating weakening upward pressure. RSI remained below 50 throughout most of the session, aligning with the bearish trend but without entering oversold territory. This suggests that while the rally was strong, the broader trend remains bearish with no clear reversal signs yet.

Bollinger Bands

Bollinger Bands displayed a clear volatility expansion during the early hours of October 27, with the price moving from below the lower band to above the upper band. This expansion coincided with the volume surge, reinforcing the authenticity of the rally. The bands have since contracted slightly, suggesting that the market may be entering a period of consolidation. The current price of $0.1161 sits near the middle band, indicating a potential neutral setup for short-term price action.

Volume & Turnover

Volume spiked significantly in the early hours of October 27, with a large-volume candle driving the price from $0.1153 to $0.1187. This was followed by a moderate decline in volume as the price corrected. Notional turnover closely tracked the price movements, with the highest turnover occurring during the rally phase. No significant price-volume divergence was observed, suggesting that the rally had strong backing in terms of market participation.

Fibonacci Retracements

Applying Fibonacci levels to the recent bullish swing from $0.1153 to $0.1187, the 61.8% retracement level currently sits near $0.1160–$0.1165, which has acted as a key support zone. The 38.2% level near $0.1171 served as a temporary resistance during the bearish pullback. These levels are likely to play a role in the near-term price action, especially if the market retests this range.

Backtest Hypothesis

Given the recent CFXUSDT price behavior and the presence of key support/resistance levels and Fibonacci retracements, a backtest strategy could focus on identifying Bullish Engulfing patterns around key Fibonacci levels such as 61.8% and 38.2%. These patterns, when confirmed by a surge in volume and a breakout above the upper Bollinger Band, could signal high-probability long entries. However, as noted, the technical engine returned an error when attempting to fetch historical Bullish Engulfing data for CFXUSDT. A possible workaround is to use a more specific ticker symbol such as CFXUSDT.BINANCE or CFX/USDT.BINANCE, which is often required by crypto indicators to properly identify the asset. If such data is available, the backtest could assess how these patterns performed when occurring near Fibonacci levels and whether they led to profitable trades on average.