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bitcoin
Bitcoin (BITCOIN)
$117,852 0.02%
ethereum
Ethereum (ETHEREUM)
$3,793 0.74%
binancecoin
BNB (BINANCECOIN)
$808.46 -2.26%
solana
Solana (SOLANA)
$181.38 -0.37%
ripple
XRP (RIPPLE)
$3.13 0.43%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -1.67%
pepe
Pepe (PEPE)
$0.000012 -3.16%
bonk
Bonk (BONK)
$0.000029 -10.17%
bitcoin
Bitcoin (BITCOIN)
$117,852 0.02%
ethereum
Ethereum (ETHEREUM)
$3,793 0.74%
binancecoin
BNB (BINANCECOIN)
$808.46 -2.26%
solana
Solana (SOLANA)
$181.38 -0.37%
ripple
XRP (RIPPLE)
$3.13 0.43%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -1.67%
pepe
Pepe (PEPE)
$0.000012 -3.16%
bonk
Bonk (BONK)
$0.000029 -10.17%
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Conflux Price Prediction – Why CFX Could Rally to $0.50 Soon

Highlights:

  • Conflux in a near-vertical rally with $0.30 as first short-term resistance
  • Breaching $0.30 could see Conflux hit $0.50 short term
  • Chinese connection and AI agents could push CFX to $0.50 soon

Conflux (CFX) is in a parabolic price move at the moment. In the last 30 days, Conflux has gained by 248%, outperforming almost all top-100 cryptocurrencies. Conflux momentum is not slowing down despite such a strong rally over a month. In the last 24 hours, Conflux has gained by 36.93% to trade at $0.257

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A substantial increase in volumes also accompanies the rising price. In the previous 24 hours, Conflux trading volumes have shot up by 357% to hit a high of $657.16 million. This is a strong indicator that even as the price is going up, money is still flowing in quite strongly, meaning investors expect even higher prices. There is a good chance that Conflux could be headed much higher in the short term. 

The China Connection Could Push CFX Even Higher in the Short Term

One factor that could help drive Conflux higher is its connection to the Chinese market. China is one of the most important economies in the world, and how it moves can impact markets. For context, when China banned cryptocurrencies back at the height of the 2020/21 bull market, the whole market experienced a correction. As such, the fact that Conflux is a cryptocurrency linked to the Chinese market could trigger a surge in investment capital seeking exposure to the cryptocurrency market.

The connection to the Chinese market is further deepened by news that Conflux is set to undergo an upgrade that will make cross-border payments easier as part of the Belt and Road Initiative. This would make Conflux a payment method of choice for billions of people in China and most of the developing world. It is a factor that could trigger a surge in demand that could see Conflux rally to new highs in the short to medium term. 

Conflux Set to Make Entry Into the First Growing AI Market

Besides the Chinese connection, the upcoming Conflux upgrade has other aspects that could push the price to new highs. One of them is the fact that it has an AI angle to it. Part of the upgrade will be to incorporate native support for calls from AI agents. It will also give Conflux an expanded reach into the fast-growing Real World Asset space. These two aspects of the Conflux are expected to push demand to new levels. They could play a role in moving the price way higher than it currently is, with prices as high as $1 a realistic target in the short term.

Conflux Looking to Launch Yuan-Pegged Stablecoin

Even more exciting for Conflux is the news that they are working with AnchorX and Eastcompeace to launch a yuan-pegged stablecoin. Such a stablecoin could experience a surge in adoption, especially in countries with strong Yuan usage. This would add to the fundamental value of the Conflux token and could trigger a price rally that pushes it to new highs going into the future. The fact that all these upgrades are happening at a time when Bitcoin is in a bull market means Conflux could sustain the momentum.

Technical Analysis – CFX In a Parabolic Price Move

Conflux is currently making parabolic price moves in the day, after a brief intraday consolidation. This is an indicator that the underlying momentum is so strong and could keep pushing Conflux higher going into the upcoming upgrade rollout.

CFX
Source: TradingView

In such a scenario, Conflux could rally to $0,30, which is likely its first psychological resistance level in the short term. A rally through $0.30 could see CFX rally to $0.50 in the short term. In the event of a correction, Conflux is likely to find strong support at $0.265 before bulls regain momentum.

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