Conflux surges 10%, but CFX price stalls at THIS crucial level
Conflux’s bulls and bears clash as price navigates max pain levels.
Conflux has surged about 10% in the last 24 hours. The long maximum pain was at $0.20 while the short max pain was at $0.23. Bulls or bears, who wins this round?
The price action of Conflux [CFX] has maintained a clear trend since the 19th of July, when it climbed above $0.10. Since the previous day’s close, Conflux has been up by about 10% as per CoinMarketCap.
This surge could be attributed to two factors, that is, a selective altcoin season and Conflux’s offshore yuan stablecoin plans.
The narratives have been fueling this unusual trend at a time when only Bitcoin [BTC] and Ethereum [ETH] have sustained their strengths.
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