Market Overview for Conflux/Tether (CFXUSDT) – October 6, 2025

• • •

• Conflux/Tether (CFXUSDT) dropped to a 24-hour low of $0.1433 before staging a recovery toward $0.1499 by 15:45 ET.• A strong bearish trend was evident early in the session, followed by a gradual bullish reversal toward the end.• Volatility expanded notably during the late morning and early afternoon, with the 15-minute range widening past 650 bps.• CFXUSDT’s RSI showed overbought conditions late in the day, while MACD confirmed a positive divergence in the latter half.• Total volume hit 21.2M CFX, while notional turnover reached $3.12M, reflecting heightened trading interest.

Conflux/Tether (CFXUSDT) opened at $0.1473 on October 5 at 12:00 ET, and by 12:00 ET the next day, the price had surged to $0.1496. The pair reached an intraday high of $0.1499 and a low of $0.1433, marking a range of 660 basis points (bps). The total 24-hour trading volume stood at 21.2 million CFX, translating to a notional turnover of approximately $3.12 million.

The 15-minute chart reveals a clear bearish bias in the early part of the session, with a key breakdown under $0.1460. However, this was followed by a robust recovery as buyers stepped in around $0.1450. A notable bullish engulfing pattern emerged between 09:00 and 09:15 ET, which signaled a potential reversal. Key support levels identified include $0.1445 and $0.1435, with resistance at $0.1470 and $0.1485.

The 20-period and 50-period moving averages both moved lower initially, but the 20SMA crossed above the 50SMA around midday, indicating a short-term bullish crossover. On the daily chart, the 50DMA and 200DMA appear to be converging, suggesting a possible continuation of the upward trend if the pair maintains its current position above these indicators.

RSI reached overbought levels near 75 during the late afternoon, with the 14-period RSI trending higher as momentum picked up. Meanwhile, MACD crossed above the signal line in the morning and maintained a positive reading for the remainder of the session, suggesting a firm bullish tilt. Price action appears to align with MACD, as the pair moved higher in tandem with the indicator’s expansion.

Bollinger Bands reflected increased volatility as the price widened the channel between 11:00 and 15:00 ET. During this period, CFXUSDT traded near the upper band, confirming a bullish breakout. However, a narrowing of the bands in the early morning may signal a period of consolidation before the recent rally.

Volume surged during the late morning and early afternoon, with the most notable spike occurring between 11:00 and 12:00 ET. This coincided with the price breaking above key resistance levels, confirming a bullish breakout. Notional turnover also saw a significant increase during this window, aligning with the price move.

Fibonacci retracements drawn from the low of $0.1433 to the high of $0.1499 highlight key levels. The 38.2% retracement at $0.1467 and 61.8% at $0.1483 were both tested during the session, with the price finding support and resistance at these levels. A successful test of the 61.8% level could indicate continuation toward the 78.6% retracement at $0.1497.

Over the next 24 hours, CFXUSDT appears poised for further consolidation or a continuation of the upward trend, depending on whether buyers can maintain pressure above $0.1470. A break below $0.1455 may signal renewed bearish momentum, but as of now, the market appears to favor higher prices, with strong volume and technical alignment supporting this view.

Backtest Hypothesis

A potential backtesting strategy could involve leveraging the bullish engulfing pattern observed between 09:00 and 09:15 ET as a long entry trigger. This pattern, combined with a 20SMA/50SMA golden cross, offers a confluence of bullish signals. A stop-loss could be placed below the 15-minute low of $0.1445, with a target at the 61.8% Fibonacci retracement of $0.1483. This setup would test the strategy’s effectiveness in identifying trend reversals amid volatile price action, particularly in a low-liquidity altcoin pair like CFXUSDT.