Conflux Price Forecast: CFX Predicted to Surge by 30.45% in Next 5 Days

Table of Contents

• CFX price is expected to rise by 30.45% in the next 5 days according to our Conflux price prediction
• CFX Price Prediction Chart
• What has been going on with Conflux in the last 30 days
• Conflux technical analysis for today - Mar 24, 2024
• Bullish sentiment for Conflux
• Crypto market is currently experiencing Greed
• Conflux moving averages & oscillators
• The bottom line about this Conflux prediction

• Conflux is up 15.49% today against the US Dollar
• CFX/BTC increased by 12.36% today
• CFX/ETH increased by 14.12% today
• Conflux is currently trading 26.25% below our prediction on Mar 29, 2024
• Conflux gained 118.28% in the last month and is up 64.10% since 1 year ago

CFX price is expected to rise by 30.45% in the next 5 days according to our Conflux price prediction

Conflux price today is trading at $ 0.511946 after gaining 15.49% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 15.04% in the same time period. CFX performed well against BTC today and recorded a 12.36% gain against the world’s largest cryptocurrency.

According to our Conflux price prediction, CFX is expected to reach a price of $ 0.694164 by Mar 29, 2024. This would represent a 30.45% price increase for CFX in the next 5 days.

CFX Price Prediction Chart

Buy/Sell Conflux

What has been going on with Conflux in the last 30 days

Conflux has been displaying a positive trend recently, as the coin gained 118.28% in the last 30-days. The medium-term trend for Conflux has been bullish, with CFX increasing by 159.54% in the last 3 months. The long-term picture for Conflux has been positive, as CFX is currently displaying a 64.10% 1-year price change. On this day last year, CFX was trading at $ 0.311968.

Conflux reached its all-time high price on Mar 27, 2021, when the price of CFX peaked at $ 1.72. The current CFX cycle high is $ 0.544402, while the cycle low is at $ 0.021852. CFX has been displaying high volatility recently – the 1-month volatility of the coin is at 18.72. Conflux recorded 18 green days in the last 30 days.

Conflux technical analysis for today - Mar 24, 2024

The sentiment in the Conflux markets is currently Bullish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.429832, $ 0.417673 and $ 0.401019, while $ 0.458644, $ 0.475299 and $ 0.487457 are the key resistance levels.

Bullish sentiment for Conflux

27 indicators are currently signaling a bullish prediction for Conflux, while 2 indicators are showing a bearish forecast. With 93% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Conflux.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 74 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Conflux moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Conflux is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Conflux is at 69.69, suggesting that CFX is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Conflux over the last 50 days. Currently, Conflux is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the CFX closing price for the last 200 days. CFX is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Conflux prediction

After considering the above factors, we can conclude that the current forecast for Conflux price prediction is Bullish. CFX would have to increase by 30.45% to hit our $ 0.694164 target within the next five days. Moving forward, it will be important to monitor the CFX market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Conflux price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.