Conflux (CFXUSD) Price Maintains Its Upward Trajectory

Conflux (CFXUSD) Price Forecast: August 5

Today, the Conflux price maintains its upward trajectory as it faces the overhead resistance above the key reversal structure. It is imperative that this barrier be broken in order for the asset to rise toward $0.279. Therefore, notwithstanding market instability, the coin’s upward movement could continue to reach a higher level of $0.285 and beyond if investors prove more resilient and the price demonstrates sustainability above the given barrier.

Key Levels:
Resistance Levels: $0.224 $0.225, $0.226
Support Levels:   $0.069, $0.068, $0.067

CFX (USD) Long-term Trend: Bullish (Daily Chart)

The CFXUSD pair is trending and maintains its upward growth in the long-term perspective. Buyers are confident in reaching higher levels, confirming their considerable influence in the market.
The cryptocurrency sustained its positive race, staying firmly in an uptrend. It reached a recent high of $0.218 in the previous session due to persistent bullish pressure.

As the daily chart opens today, the Conflux market value continues its bullish race. It stands at the $0.220 high mark above the resistance trend line. This ignites positive emotion prior to the start of another correction.

Hence, if the pair could stay above the $0.249 trend line, the coin price could revisit the $0.279, hinting at a robust upward trajectory.

Additionally, the daily momentum signaling an uptrend suggests that the Conflux market may continue its upward journey.

The crypto price could rise to the $0.280 upper resistance level. This would result in a good entry point for coin investors as it maintains its bullish trend in a higher time frame.

CFX (USD) Medium-term Trend: Bullish (4H Chart)

The CFXUSD market in the medium-term outlook continues its upward trajectory despite short-term traders’ disruption of the price flow, indicating that buyers are becoming more powerful in the market.
The coin price is moving upward above the resistance trend lines in the direction of the upper resistance levels.

The coin price is able to sustain its bullish race and stay firmly in an uptrend at its recent high as a result of the bull’s growing push to a $0.218 supply mark in the most recent session.

Today, the bulls made an aggressive move to the $0.220 high value above the supply trend levels as the 4-hourly chart opens.

The crypto market looks promising as it maintains its bullish race while the bulls remain dominant.

Therefore, if the bulls should increase their price action, and a bullish momentum is sustained far above the $0.276 resistance trend lines, further bearish sentiment will be suppressed.

Notably, the daily stochastic is rising. As it continues its bullish race in its lower time frame, market players may see a new rebound rally, reaching the $0.280 upper resistance level, if the Conflux buyers are able to break above the $0.276 previous barrier line

Buy Conflux on eightcap.com