#TradeNTell $CFX Analysis of the daily#CFXchart shows continued respect for the 200-day moving average (orange).

In February 2023, bulls gained strong momentum, breaking through the 200MA, leading to a 20-day range before an explosive rally.

However, in June 2023, bulls lost the supporting 200MA, trading 180 days lower.

On the positive side, bulls recovered in December 2023 and held above the 200 moving average.

Currently in a tight 50-day range, a bull breakout could take the price to around $0.50, a psychological resistance level previously recognized by the market.