Conflux (CFX) Breaks Downtrend, Eyes 100% Surge Toward $0.16
By: cryptosheadlines|2025/05/03 00:00:08
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Conflux (CFX) breaks descending channel; traders eye a 100% upside if $0.08324 resistance holds amid signs of weakening bearish pressure.Posted byJordan BlakePublished on May 2, 2025 at 07:00 PM GSTUpdated on May 2, 2025 at 10:24 AM GSTNewsReturn to a bullish trend becomes more likely as Conflux (CFX) exits its long-lasting downward pattern.Once CFX maintains levels above $0.08324 it should open up a 100% price increase potential toward $0.1600.A failure to maintain support above the breakout might force CFX to reconsider its position at $0.07886.The cryptocurrency Conflux (CFX) shows signs of establishing itself for a major momentum change following its months of price depreciation. The daily CFX/USDT price chart demonstrates a downward pattern that exists within specified declining parameters. Price action indicates an evolving situation which might transform current market behaviors during the near term.Conflux (CFX) Breaks Channel, Targets 100% UpsideCFX has maintained its position inside an established downward channel starting in late 2024 by establishing new price lows that continue to decrease over time. Since last year the asset lost its upward momentum while its price sank from $0.20 down to its current levels.At the time of reporting, Conflux was trading at $0.07978, marking a slight 0.7% decrease over the last 24 hours. The support level sets a clear benchmark at $0.07886 which has undergone recent testing. The resistance at $0.08324 presents itself as a strong barrier that may enable investors to pursue additional gains.The price has surpassed the upper limit of the descending channel and this break frequently triggers a bullish trend reversal. The price chart displays a green projection box that suggests a 100.25% upside potential reaching near $0.1600 while bullish momentum remains present.Conflux Eyes Trend Shift After Breakout AttemptThis attempted breakout demonstrates that bearish power might be losing strength which indicates a possible trend shift may be approaching. Consolidated price movement above $0.08324 resistance with substantial trading activity will authenticate the extension.The price will potentially return to test $0.07886 if CFX does not manage to sustain movements above its breakout point. Success in breaking through resistance levels will likely trigger a price movement towards the target area in accordance with the 100%+ projection shown in the technical analysis.The Conflux blockchain technology (CFX) faces an important deciding moment while enduring months of price slump. The current signs of upward momentum in the market require more evidence for traders to confirm that a definite market shift upward has occurred. Investors and traders will closely follow the next market periods to confirm this potential trend change.Source link
You may also like
What is the connection between Huang Zheng of Pinduoduo and blockchain?
From Pinduoduo's "reverse insurance" to blockchain's smart contracts, this article explains how Huang Zheng's underlying logic uses "certainty" rules to reshape the flow of wealth for ordinary people.
Morning Report | Prediction market platforms like Kalshi and Polymarket jointly sue Kentucky over 14.25% trading tax; Bridgewater founder discusses decision-making in the AI era: principled thinking should run parallel to AI, human insight remains irre...
Overview of Important Market Events on June 15
If the AI bubble has already burst, who will truly remain?
What remains after the AI bubble bursts? The plummeting cost of computing power is driving AI to accelerate the reshaping of various industries. What will be left after the major reshuffle is an irreversible revolution in real productivity.
Paul Graham: How to Make a Billion Dollars
Silicon Valley guru Paul Graham reveals the underlying logic of billion-dollar wealth: no need to cheat, just create products that users love intensely, allowing exponential growth to create wealth miracles.
After 18 years, blockchain has finally started to head towards the main channel
When AI becomes the new center of gravity in the capital market, the response of crypto VCs is not to stick to "Crypto-only," but to repackage crypto as the financial track, ownership layer, and autonomous system infrastructure of the AI era.
Claude enforces "facial recognition for household registration," starting in July, no ID card means no access?
Anthropic has issued an urgent notice that Claude users may face real-name verification in July. From now on, every time you use Claude, you may need to be prepared with your ID.
On the day of SpaceX's IPO, the first real test of the three perpetual mechanisms
The price has been discovered, and the market surrounding the price is still under construction.
Value Distribution of Stablecoins
The issuance layer obtains user funds and takes the largest profit margin; the two middle layers rely on traffic, distribution commissions, and underlying infrastructure; the application layer enjoys convenience but has no bargaining power.
Galaxy Deep Dive: Is the Bitcoin Four-Year Cycle Still Valid?
Galaxy Research believes that the four-year cycle of Bitcoin is still valid, but the amplitude of the cycle is shrinking. This round's peak is milder, which means that even if the pullback continues, the bottom may be higher than the extreme levels of past cycles.
SpaceX IPO, Nvidia, and Bitcoin: Why Traders Are Watching More Than Just Crypto in 2026
Bitcoin recently plunged below $60,000 before rebounding, while SpaceX's historic IPO and Nvidia's continued AI momentum captured traders' attention worldwide. Explore why more crypto traders are looking beyond crypto in 2026 and what this shift means for emerging market opportunities.
The other side of Musk's trillion-dollar fortune: 85% cannot be sold
SpaceX's IPO is a math problem, and the answer is not on the pricing day, but in the first quarter after the lock-up period ends.
The U.S. government prohibits foreigners from using Fable 5, Anthropic issues a rebuttal
The sudden removal of the two models has caused widespread shock in the tech industry and the AI community.
Citibank releases "2030 Asset Tokenization Market Outlook": 6 major trends may create a $8.2 trillion market
The tokenization of financial assets is moving from pilot projects to large-scale implementation, but this is a gradual evolution rather than a fierce revolution.
The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?
Tech giants like SpaceX and OpenAI have sparked a $35 trillion super IPO wave. The "suction effect" is not enough to crash the stock and crypto markets, but the test of high valuations is just beginning.
Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus
Overview of Important Market Events on June 11
a16z Crypto Partner: Cash flow is the moat
Most companies spend years creating network effects on traditional infrastructure. Crypto founders inherit them as starting conditions.
Cryptocurrency market makers collectively seek change as it becomes increasingly difficult to make money
There is more and more to do.
How TradeXYZ, xStocks, and Alpaca break down the SpaceX IPO into three different strategies
The value of tokenized products ultimately depends on whether the underlying structure is sound, rather than just the price displayed on the interface.
What is the connection between Huang Zheng of Pinduoduo and blockchain?
From Pinduoduo's "reverse insurance" to blockchain's smart contracts, this article explains how Huang Zheng's underlying logic uses "certainty" rules to reshape the flow of wealth for ordinary people.
Morning Report | Prediction market platforms like Kalshi and Polymarket jointly sue Kentucky over 14.25% trading tax; Bridgewater founder discusses decision-making in the AI era: principled thinking should run parallel to AI, human insight remains irre...
Overview of Important Market Events on June 15
If the AI bubble has already burst, who will truly remain?
What remains after the AI bubble bursts? The plummeting cost of computing power is driving AI to accelerate the reshaping of various industries. What will be left after the major reshuffle is an irreversible revolution in real productivity.
Paul Graham: How to Make a Billion Dollars
Silicon Valley guru Paul Graham reveals the underlying logic of billion-dollar wealth: no need to cheat, just create products that users love intensely, allowing exponential growth to create wealth miracles.
After 18 years, blockchain has finally started to head towards the main channel
When AI becomes the new center of gravity in the capital market, the response of crypto VCs is not to stick to "Crypto-only," but to repackage crypto as the financial track, ownership layer, and autonomous system infrastructure of the AI era.
Claude enforces "facial recognition for household registration," starting in July, no ID card means no access?
Anthropic has issued an urgent notice that Claude users may face real-name verification in July. From now on, every time you use Claude, you may need to be prepared with your ID.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
