#Chinese Ethereum #CFX_LONG #altcoins
Key Takeaways
CFX price faces bearish pressure toward $0.2 following intense selloff.
Considering the current BTC market sentiment and rising buying demand among Chinese investors, CFX price might reach $0.28 in May.
In 2025, CFX might record maximum price of $0.4773.
Conflux Network (CFX) is a high-speed layer 1 blockchain that combines proof-of-work consensus with proof-of-stake finality. Originating from China, it follows local regulations, earning it the nickname “Chinese Ethereum.”
The network’s native CFX token serves various purposes, such as being a store-of-value and a governance token. You can also stake these tokens to receive passive income in the form of more CFX tokens.
When considering the future value of the CFX token in 2024 and beyond, our CFX network price prediction takes into account various factors that could influence its price. Analysts question: Can CFX price reach $1?; however, this depends on economic conditions, the token’s practical uses, and historical price trends.
Overview
Cryptocurrency Conflux Network Ticker Symbol CFX Rank 91 Price change 24H +0.55% Market cap $844,938,661 Circulating supply 3,945,712,464 Trading volume 24h $53,989,272 All-time high $1.7 All-time low $0.2191
Conflux Price Prediction: Technical Analysis
Metric Value Price Prediction $0.712121 (228.76%) Volatility 20.33% 50-Day SMA $0.345744 14-Day RSI 34.57 Sentiment Bearish Fear & Greed Index 43 (Fear) Green Days 13/30 (43%) 200-Day SMA $0.228678
Conflux price analysis: CFX price declined heavily as it dropped toward $0.2
TL; DR Breakdown
CFX price analysis shows that Conflux faced a bearish pattern as the price dropped below $0.21
Resistance for CFX is present at $0.2617
Support for CFX/USD is present at $0.1884
The CFX price analysis for 2 May confirms that bears sparked a solid selling pressure as CFX price plunged buying confidence by heading below the $0.21 mark.
CFX price analysis 1-day chart: Conflux price faces intense bearish pressure
