Conflux Price Prediction – CFX Price Estimated to Reach $ 0.229534 By Oct 10, 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 up 8.70% today against the US Dollar
  • CFX/BTC increased by 7.36% today
  • CFX/ETH increased by 7.09% today
  • Conflux is currently trading 23.77% below our prediction on Oct 10, 2024
  • Conflux gained 32.55% in the last month and is up 34.91% since 1 year ago
Conflux price$ 0.174977
Conflux prediction$ 0.229534 (30.88%)
SentimentBullish
Fear & Greed index49 (Neutral)
Key support levels$ 0.161414, $ 0.150881, $ 0.142282
Key resistance levels$ 0.180546, $ 0.189145, $ 0.199678

CFX price is expected to rise by 30.88% in the next 5 days according to our Conflux price prediction

Conflux price today is trading at $ 0.174977 after gaining 8.70% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 5.21% in the same time period. CFX performed well against BTC today and recorded a 7.36% gain against the world’s largest cryptocurrency.

According to our Conflux price prediction, CFX is expected to reach a price of $ 0.229534 by Oct 10, 2024. This would represent a 30.88% 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 32.55% in the last 30-days. The medium-term trend for Conflux has been bullish, with CFX increasing by 32.47% in the last 3 months. The long-term picture for Conflux has been positive, as CFX is currently displaying a 34.91% 1-year price change. On this day last year, CFX was trading at $ 0.129698.

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 12.16. Conflux recorded 18 green days in the last 30 days.

Conflux technical analysis for today – Oct 05, 2024

The sentiment in the Conflux markets is currently Bullish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.161414, $ 0.150881 and $ 0.142282, while $ 0.180546, $ 0.189145 and $ 0.199678 are the key resistance levels.

Bullish sentiment for Conflux

21 indicators are currently signaling a bullish prediction for Conflux, while 7 indicators are showing a bearish forecast. With 75% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Conflux.

Crypto market is currently experiencing Neutral

Currently, the Fear & Greed index is at 49 (Neutral), which signals that investors have a neutral 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.

PeriodDaily SimpleDaily ExponentialWeekly SimpleWeekly Exponential
MA3$ 0.152899 (BUY)$ 0.157515 (BUY)
MA5$ 0.161290 (BUY)$ 0.151024 (BUY)
MA10$ 0.171353 (BUY)$ 0.144255 (BUY)
MA21$ 0.161018 (BUY)$ 0.142097 (BUY)-$ 0.43 (BUY)$ 0.175250 (SELL)
MA50$ 0.147625 (BUY)$ 0.149904 (BUY)-$ 0.19 (BUY)$ 0.192584 (SELL)
MA100$ 0.149597 (BUY)$ 0.170865 (BUY)-$ 0.05 (BUY)$ 0.169354 (BUY)
MA200$ 0.203612 (SELL)$ 0.193823 (SELL)
PeriodValueAction
RSI (14)54.44NEUTRAL
Stoch RSI (14)0.00BUY
Stochastic Fast (14)35.65NEUTRAL
Commodity Channel Index (20)66.67NEUTRAL
Average Directional Index (14)29.18SELL
Awesome Oscillator (5, 34)0.03NEUTRAL
Momentum (10)0.01NEUTRAL
MACD (12, 26)0.00NEUTRAL
Williams Percent Range (14)-64.35NEUTRAL
Ultimate Oscillator (7, 14, 28)38.19NEUTRAL
VWMA (10)0.17SELL
Hull Moving Average (9)0.17SELL
Ichimoku Cloud B/L (9, 26, 52, 26)0.16NEUTRAL

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 54.44, 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 Bullish. CFX would have to increase by 30.88% to hit our $ 0.229534 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.

Source: https://coincodex.com/article/48219/conflux-network-prediction-october-05-2024/