Conflux Price- Conflux Shows Strong Momentum
Conflux Price– Conflux (CFX) delivered spectacular gains in July, skyrocketing nearly 300% from $0.07 to $0.28. This impressive rally captured investor attention, but the token quickly retraced back to around $0.18 by the end of July, testing traders’ patience.
The past ten days have shown more of a consolidation phase than a strong bullish trend. While buyers still hold the edge, volatility remains a key factor to watch closely.
Symmetrical Triangle Pattern Signals Upcoming Move
Technical analysis reveals a symmetrical triangle pattern forming on CFX’s chart—a classic sign of decreasing volatility often followed by explosive price breakouts. This pattern, marked clearly in white, usually precedes swift moves supported by increased trading volume.
Given Conflux’s strong July rally, the odds favor a bullish breakout from this consolidation. However, traders should be cautious of a potential fakeout where the price dips below the lower trendline near $0.18 before surging higher.
Critical Resistance and Support Levels to Watch
Conflux faces crucial resistance at $0.218 and $0.23—levels that must be surpassed and flipped into support for bullish momentum to gain traction. The 2-week liquidation heatmap aligns closely with these zones, highlighting $0.18 and $0.236 as pivotal magnetic points attracting price action.
Because these key zones are so near the current price, a move above $0.24 in the coming days looks increasingly likely. Swing traders should watch for a confirmed breakout above resistance to enter long positions confidently.
