Conflux (CFXUSD) Soars past Crucial Level

Conflux (CFXUSD) Price Forecast: August 4

With a strong positive trend and creative tokenization, the Conflux market value is increasing in momentum and surpassing the critical level, indicating high market optimism. The crypto gave a bullish breakout from the $0.218 value, suggesting buyers are making solid progress. Therefore, if the price of the cryptocurrency stays above the aforementioned barrier, the prospective rise may quicken to the higher resistance level of $0.276, suggesting a likely positive continuation and intraday gains for buyers.

Key Levels:
Resistance Levels: $0.220 $0.221, $0.222
Support Levels: $0.185, $0.184, $0.183

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

The long-term market value of Conflux achieves a steady bullish momentum as prices surge past crucial levels and remain firm, indicating a significant bullish impact on the token. The upward trend will continue following the increasing volume of the bulls.
The bulls’ successful breakout to the $0.214 high level in the last session has contributed to the crypto price going long at its recent high.

The CFXUSD price has soared past a crucial level. Buyers drove the token price above the EMA-50, reaching the $0.218 supply mark at the start of today’s daily chart. This was an attempt to restore positive momentum.

Therefore, if this bullish growth pattern continues, closing above the current high will constitute an established uptrend.

Additionally, the price indicator exhibits upward momentum. The Conflux market price may keep rising, and $0.276 could become the next upper high. This might offer a good buy entry opportunity in its higher time outlook.

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

The uptick move is poised to hit the upper high level as it soars past crucial levels on the medium-term chart.
The price currently trades above the EMA, making higher highs and moving towards the upper resistance area.

The successful breakout by the bulls to the $0.192 supply value in the last action has contributed to the coin market going long and retaining its bullish strength lately.

Today, the CFXUSD price trades at a $0.218 high value above the EMA-50 as the 4-hourly chart opens, resulting in an intraday gain.

Hence, a stable breakout from the current supply may propel the coin price toward the $0.234 previous peak resistance, indicating a strong possibility for a bullish correction.

Notably, the Conflux price is increasing, and this may continue as suggested by the daily signal pointing upwards. Therefore, the upward rally may surge to the $0.276 upper resistance trend line on its medium-term outlook

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