CFX (Conflux) rose 12.86% in the last 24 hours.

Gate News Bot message, August 29, according to CoinMarketCap data, as of the time of writing, CFX (Conflux) is currently priced at $0.19, rising 12.86% in the last 24 hours, hitting a high of $0.20 and a low of $0.17, with a 24-hour volume of $136 million. The current market capitalization is approximately $985 million, an increase of $112 million compared to yesterday.

Important recent news about CFX:

1️⃣ Price rebounds strongly, market confidence significantly restores The CFX price has shown a significant rise trend over the past week. On August 27, the CFX price was $0.17, rising 3.13% within 24 hours. By August 29, the CFX price further increased to $0.19, with a 24-hour increase of 12.86%. This continuous upward trend indicates that market confidence in CFX is rapidly recovering, with buying strength significantly enhanced.

2️⃣ Market capitalization continues to rise, capital inflow accelerates CFX market capitalization is showing a rapid rise in the short term. On August 27, the market capitalization was approximately $895 million. By August 29, the market capitalization had risen to $985 million, an increase of about $90 million in just two days. This significant rise in market capitalization reflects that a large amount of capital is continuously flowing into the CFX market, and investors remain optimistic about the long-term prospects of the project.

3️⃣ Trading activity remains high, market participation is rising The 24-hour trading volume of CFX has consistently remained at a high level. On August 29, the daily trading volume reached 136 million USD, showing an increase compared to the previous period. This indicates that market participation is on the rise, and investors' interest in trading CFX continues to strengthen, providing strong support for the price rise.

From a technical perspective, the CFX price has broken through the previous resistance level of $0.17 and has gained new support around $0.19. If it can maintain its current price level, it is expected to further challenge the important resistance level of $0.20. However, investors should remain cautious of potential short-term pullback risks and closely monitor the performance of key price levels as well as changes in the overall market environment.

This message is not intended as investment advice; investors should be aware of market volatility risks.