#CFX is currently trading around 0.2620$. Observing the daily time frame, it is evident that #CFX is moving inside a downtrend channel. Given this scenario, there are two possible outcomes.

Firstly, if the price of #CFX pumps and breaks the channel, and then closes above it, we can expect to see bullish momentum in the token, based on the pattern. However, if #CFX tests the upper resistance line of the channel, it may face rejection and continue moving downwards.

It is therefore advisable to wait for the breakout of the channel to confirm a bullish trend in #CFX . Until then, it is recommended to exercise caution while trading in CFX.

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