Conflux’s 41% Surge: Is $0.60 the Next Breakout Target or Just a Hype Trap?
Key Takeaways
Conflux price tested the weekly 200EMA at $0.1854 and closed above it. A flip of $0.25 zone would see the price hit $0.60 if CFX sustains this momentum.
Conflux Network [CFX] jumped 41% in the past 24 hours, with volume soaring 325% to $628 million, according to CoinMarketCap.
As per the reports, Conflux was heating up from its upcoming upgrade, which opens for yuan-pegged stablecoins.
The Shanghai-backed firms were driving this development, with the network targeting about 15K in TPS.
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