Explore CFX $CFX

1. CFX has experienced a price surge, with trading volume skyrocketing to 15.3 million USD, and the MACD showing a bullish trend, but the RSI being overbought and the recent pullback indicate that a correction may occur in the short term.
2. Conflux, as a compliant public chain in China, maintains a strategic position and is currently developing a stablecoin pegged to the offshore RMB, with the v3.0 network upgrade set to launch soon.
3. Risk factors include the upcoming unlocking of 500 million CFX tokens, which may increase selling pressure, coupled with the recent negative fund flow of $519,000 and community sentiment divergence, which could have a downward impact on the price.
Opportunity
1. Price Surge: In the past hour, CFX has experienced a significant price increase, with trading volume skyrocketing to 15.3 million USD. The MACD histogram has turned positive, further reinforcing this strong short-term bullish momentum, indicating strong buying interest.
2. Strategic Development: Conflux strategically positions itself as the only compliant public blockchain in China, actively exploring the issuance of a stablecoin (AxCNH) pegged to offshore RMB through AnchorX. Collaborations with major institutions such as JD.com and Ant Group may drive its integration into the global financial system.
3. Network Upgrade: The Conflux 3.0 upgrade, scheduled for release on September 1, 2025, will enhance EVM compatibility and increase transaction throughput to 15,000 TPS. These improvements aim to drive developer adoption and enhance overall network utility.
Risk
1. Price correction: After the recent rise, the CFX price has retreated from its peak. The RSI indicator shows an overbought condition, and the MACD histogram has slightly decreased, indicating that short-term bullish momentum may be weakening, and a correction may occur.
2. Token Unlocking: An estimated 500 million CFX tokens are expected to be unlocked soon. This event may significantly increase the circulating supply, potentially leading to selling pressure and causing downward pressure on the token market price.
3. Capital Outflow: The latest capital flow data shows a negative capital inflow of $519,000, indicating that a large amount of funds is leaving the token. This outflow trend, coupled with the community's strong bearish sentiment, suggests that CFX will continue to face selling pressure.