Conflux (CFXUSD) Price Pumping up Again, Time to Buy

Conflux (CFXUSD) Price Forecast: December 26

Today, the Conflux market price is pumping up again, indicating a good time to buy for coin traders. The coin is in a strong bullish trend zone, and the price is likely to increase, which is an opportunity for interested traders to buy. The token may continue its upside move if the current support at $0.072 holds and the long-term chart closes above the $0.078 prior peak supply level. Hence, there is a high probability that the price will rise to the $0.080 upper resistance trend line, demonstrating sustainability above the given barrier.

Key Levels:
Resistance Levels: $0.076 $0.077, $0.078
Support Levels:    $0.065, $0.064, $0.063

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

The Conflux market value is pumping up and remains in a strong bullish trend in the long-term outlook. The bulls are really trying not to fall this time around.
Further, the coin prices are traded very close to the upper high channel above the EMA-50, confirming a robust bullish trend.

The sustained bullish pressure at the $0.072 high value during the last session has sustained the crypto above the supply trend lines in its recent high.

An increase to the $0.074 high level above the supply trend levels, approaching the overhead region as the 4-hourly chart opens today, indicates that traders are actively buying at this level.

Under the influence of a rising channel pattern, the CFXUSD price has showcased a steady increase over the past few hours, creating a strong area of interest for buyers.

Notably, the market price of Conflux pointing up on the daily stochastic implies that the token price may continue to surge to hit the $0.078 previous high and extend to reach the upper resistance level of $0.080, registering a buy signal for coin traders as the market remains pumping up and strongly bullish in its higher time frame.

CFX (USD) Medium-term Trend: Bullish (1H 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 active 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 $0.072 supply mark in the most recent session.

Today, the Conflux buyers made an aggressive move to the $0.074 high value above the supply trend levels as the 4-hourly chart opens.

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

Therefore, if the bulls increase their price action, and a bullish momentum is sustained far above the $0.078 peak resistance level, further bearish sentiment will be suppressed.

Notably, the daily stochastic is increasing. As it continues its bullish race in its lower time frame, market players may see a new rebound rally, reaching the $0.080 upper resistance level, if the Conflux buyers are able to break above the previous barrier line.

Buy Conflux on eightcap.com