Conflux’s 41% Surge: Is $0.60 the Next Breakout Target or Just a Hype Trap?
With CFX trading at $0.26, the altcoin was above a key resistance at $0.25 and this could see it reach $0.60. The chart showed no near-term resistance.
Additionally, the Trend Strength Index was at 0.68, adding more confluence for the target to be hit. The metric changed its sentiment since the end of April when it was -0.82 but flipped to positive in July.
Source: TradingView
Alternatively, failure to stay above $0.25 where the price had gapped above, CFX could stay confined below this range. However, the overall trend of CFX price was bullish.
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