The post Will the Market Fuel a Fresh Uptrend or See It Fade Away? appeared on BitcoinEthereumNews.com.

Conflux is currently trading around $0.1008. CFX’s trading volume has exploded by over 609%. After a 2.24% drop in the crypto market, most of the digital assets have been caught in the red zone, slipping to their recent lows. The assets, like Bitcoin (BTC) and Ethereum (ETH), are trading on the downside at around $103.3K and $3.4K. Among the pack of altcoins, Conflux (CFX) sees a spike of over 1.42% in the last 24 hours.  In the early hours, the asset traded at its bottom level of $0.097. With the bullish encounter in the CFX market, the price climbed to a high of $0.1411, breaking the crucial resistance levels between $0.09710 and $0.1403. The CoinMarketCap data shows that the Conflux price is hovering around the $0.1008 mark. Moreover, the asset’s market cap is staying at $520.97 million, and the daily trading volume has exploded by over 609%, currently reaching the $227.16 million range. Meanwhile, the market has experienced a 24-hour liquidation of $1.43 million worth of Conflux, as per the reporting of the Coinglass data. Could Deeper Losses Be Around the Corner for Conflux? Conflux’s technical analysis exhibits that the MACD line is positioned below the signal line, indicating bearish momentum. The asset’s downtrend may potentially continue unless it shifts back upward. In addition, the CMF indicator found at -0.59 suggests strong selling pressure in the CFX market. Also, the money is likely flowing out of the asset, hinting at a notable bearish sentiment.  The 4-hour price chart of Conflux reveals a bearish trading pattern, potentially forming the red candlesticks. It might pull the price back to the support at around $0.1001. Further downside could invite the death cross to take place, sending the price lower to the $0.09994 range. Conversely, a bullish reversal would trigger the Conflux price to…

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Filed under: News - @ November 12, 2025 10:22 am