CFX Price Bounces Back from Intraday Low, Bulls Dominate

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Bulls battle back after bears sink CFX price to intraday low.
Investor trust in CFX’s potential to gain value over time resurges.
ADX value and RSI indicate a possible negative trend shift in CFX.

Bears gained the upper hand in the Conflux (CFX) market in the early hours, managing to sink the price to an intra-day low of $0.214 before bulls battled back and drove the price up, leading a bounce to an intra-day high of $0.2462.

As of press time, the bullish dominance had triumphed, and the CFX price stood at $0.2328, a 1.00% gain. This spike was mainly credited to traders with strong positive emotions and increased purchasing pressure, driving the price higher.

Since the market capitalization increased by 0.93% to $588,650,709 throughout the day, there is a resurgence in investor trust in CFX’s potential to gain value over time, and prices will continue to rise. Nevertheless, because 24-hour trading volume declined by 13.42% to $195,410,050, it suggests that traders have yet to act on their increased confidence and are still waiting to see whether the market will rise.