CFX (Conflux) has risen 3.13% in the last 24 hours.

Gate News Bot news, on August 27, according to CoinMarketCap data, CFX (Conflux) is currently priced at $0.17, with a 3.13% rise in the last 24 hours, reaching a high of $0.20 and a low of $0.17. The current market capitalization is approximately $895 million, an increase of $27.2 million compared to yesterday.

Important news about CFX recently:

1️⃣ Price fluctuates upwards, market sentiment gradually improves The price of CFX has experienced significant volatility over the past week. On August 21, CFX saw a large rise of 17.65%, pushing the price to around $0.20. Although there was a subsequent pullback, it has now stabilized and rebounded, rising 3.13% within 24 hours. This trend indicates that the market's view on CFX is gradually turning positive, and investor confidence is recovering.

2️⃣ Market capitalization steadily rises, funds continuously flow in The market capitalization of CFX has shown a fluctuating rise trend over the past week. On August 21, the market capitalization once approached $1.001 billion. Although it subsequently retreated, it has currently rebounded to $895 million, an increase of $27.2 million compared to the previous day. This indicates that despite short-term fluctuations, funds are still continuously flowing into the CFX market, reflecting investors' long-term confidence in the project.

3️⃣ Trading activity remains high, market participation increases The 24-hour trading volume of CFX has remained high over the past week. On August 21st, the daily trading volume reached as high as $246 million. Although there has been a recent decline, it still remains at a relatively active level. This indicates that market participation is still high, and investors continue to show interest in trading CFX.

From a technical perspective, the CFX price is currently supported around $0.17 and shows a slight rebound trend. If it can maintain its position above $0.17, it may lay the foundation for future rises. However, to regain strong upward momentum, CFX still needs to break through the resistance level near $0.20. Investors should closely monitor the performance of these 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.