Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
Conflux Network is up 4.29% today against the US Dollar
Conflux Network is currently trading 17.66% below our prediction on May 02, 2023
Conflux Network dropped -5.72% in the last month and is up 114.00% since 1 year ago
Conflux Network price $ 0.334114 Conflux Network prediction $ 0.405795 (21.50%) Sentiment Bullish Fear & Greed index 59 (Greed) Key support levels $ 0.300527, $ 0.280196, $ 0.256955 Key resistance levels $ 0.344099, $ 0.367339, $ 0.387670
CFX price is expected to rise by 21.50% in the next 5 days according to our Conflux Network price prediction
Conflux Network price today is trading at $ 0.334114 after gaining 4.29% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 3.53% in the same time period. CFX performed well against BTC today and recorded a 0.55% gain against the world’s largest cryptocurrency.
According to our Conflux Network price prediction, CFX is expected to reach a price of $ 0.405795 by May 02, 2023. This would represent a 21.50% price increase for CFX in the next 5 days.
CFX Price Prediction Chart
Buy/Sell Conflux Network
What has been going on with Conflux Network in the last 30 days
Conflux Network has been displaying a negative trend recently, as the coin lost -5.72% in the last 30-days. The medium-term trend for Conflux Network has been bullish, with CFX increasing by 373.00% in the last 3 months. The long-term picture for Conflux Network has been positive, as CFX is currently displaying a 114.00% 1-year price change. On this day last year, CFX was trading at $ 0.156128.
Conflux Network reached its all-time high price on Mar 27, 2021, when the price of CFX peaked at $ 1.72. The current CFX cycle high is $ 0.485454, while the cycle low is at $ 0.021852. CFX has been displaying high volatility recently – the 1-month volatility of the coin is at 10.48. Conflux Network recorded 15 green days in the last 30 days.
Conflux Network technical analysis for today - Apr 27, 2023
The sentiment in the Conflux Network markets is currently Bullish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.300527, $ 0.280196 and $ 0.256955, while $ 0.344099, $ 0.367339 and $ 0.387670 are the key resistance levels.
Bullish sentiment for Conflux Network
23 indicators are currently signaling a bullish prediction for Conflux Network, while 3 indicators are showing a bearish forecast. With 88% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Conflux Network.
Crypto market is currently experiencing Greed
Currently, the Fear & Greed index is at 59 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
Conflux Network moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Conflux Network is positioned in the market right now.
Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential MA3 $ 0.311370 (BUY) $ 0.320858 (BUY) - - MA5 $ 0.304285 (BUY) $ 0.313878 (BUY) - - MA10 $ 0.319117 (BUY) $ 0.317673 (BUY) - - MA21 $ 0.353813 (SELL) $ 0.336681 (SELL) $ 0.173104 (BUY) $ 0.231833 (BUY) MA50 $ 0.340341 (SELL) $ 0.322060 (BUY) $ 0.102471 (BUY) $ 0.164252 (BUY) MA100 $ 0.230897 (BUY) $ 0.258185 (BUY) $ 0.166804 (BUY) $ 0.181654 (BUY) MA200 $ 0.130658 (BUY) $ 0.185834 (BUY) - -
Period Value Action RSI (14) 46.37 NEUTRAL Stoch RSI (14) 45.32 NEUTRAL Stochastic Fast (14) 33.52 NEUTRAL Commodity Channel Index (20) -66.67 NEUTRAL Average Directional Index (14) 20.68 NEUTRAL Awesome Oscillator (5, 34) -0.06 NEUTRAL Momentum (10) -0.06 NEUTRAL MACD (12, 26) -0.01 NEUTRAL Williams Percent Range (14) -66.48 NEUTRAL Ultimate Oscillator (7, 14, 28) 48.98 NEUTRAL VWMA (10) 0.32 BUY Hull Moving Average (9) 0.29 BUY Ichimoku Cloud B/L (9, 26, 52, 26) 0.36 NEUTRAL
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Conflux Network is at 46.37, suggesting that CFX is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Conflux Network over the last 50 days. Currently, Conflux Network is trading below the SMA 50 trendline, which is a bearish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the CFX closing price for the last 200 days. CFX is now trading below the SMA 200, signaling that the market is currently bearish.
The bottom line about this Conflux Network prediction
After considering the above factors, we can conclude that the current forecast for Conflux Network price prediction is Bullish. CFX would have to increase by 21.50% to hit our $ 0.405795 target within the next five days. Moving forward, it will be important to monitor the CFX market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Conflux Network price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
