Conflux is Predicted to Reach $0.216301 By Oct 15, 2024

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 is down -4.46% today against the US Dollar
• CFX/BTC decreased by -3.82% today
• CFX/ETH decreased by -4.83% today
• Conflux is currently trading 22.87% below our prediction on Oct 15, 2024
• Conflux gained 19.87% in the last month and is up 45.10% since 1 year ago

CFX price is expected to rise by 29.76% in the next 5 days according to our Conflux price prediction

is trading at $ 0.166831 after losing -4.46% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -2.02% in the same time period. CFX performed poorly against BTC today and recorded a -3.82% loss against the world’s largest cryptocurrency.

According to our Conflux price prediction, CFX is expected to reach a price of $ 0.216301 by Oct 15, 2024. This would represent a 29.76% price increase for CFX in the next 5 days.

CFX Price Prediction Chart

Buy/Sell Conflux

What has been going on with Conflux in the last 30 days

Conflux has been displaying a positive trend recently, as the coin gained 19.87% in the last 30-days. The medium-term trend for Conflux has been bullish, with CFX increasing by 16.51% in the last 3 months. The long-term picture for Conflux has been positive, as CFX is currently displaying a 45.10% 1-year price change. On this day last year, CFX was trading at $ 0.114973.

Conflux 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 $ 0.544402, while the cycle low is at $ 0.021852. CFX has been displaying high volatility recently – the 1-month volatility of the coin is at 11.10. Conflux recorded 16 green days in the last 30 days.

Conflux technical analysis for today – Oct 11, 2024

The sentiment in the Conflux markets is currently Neutral, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 0.167492, $ 0.161172 and $ 0.150796, while $ 0.184188, $ 0.194563 and $ 0.200883 are the key resistance levels.

Neutral sentiment for Conflux

15 indicators are currently signaling a bullish prediction for Conflux, while 13 indicators are showing a bearish forecast. With 54% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Conflux.

Crypto market is currently experiencing Fear

Currently, the Fear & Greed index is at 39 (Fear), which signals that investors have a negative 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 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 is positioned in the market right now.

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 is at 51.46, suggesting that CFX is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Conflux over the last 50 days. Currently, Conflux 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 above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Conflux prediction

After considering the above factors, we can conclude that the current forecast for Conflux price prediction is Neutral. CFX would have to increase by 29.76% to hit our $ 0.216301 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 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.