LOYAL Spot Recommendation $CFX @Conflux_Network

The price of Conflux (CFX) may reach $0.3 by the end of August. In July, CFX surged over 100% in a single day, reaching $0.24, with trading volume skyrocketing by 647%. Despite short sellers attempting to take profits, bulls quickly pushed the price back above $0.20. Currently, CFX is in a bullish mode, trading at around $0.20–$0.21, with market sentiment buoyed by the Conflux 3.0 upgrade (launching in August, TPS reaching 15,000) and the collaboration on offshore RMB stablecoins.

Technically, CFX is challenging the resistance of a multi-year descending parallel channel (0.22–0.25 USD). Recently, the price has stabilized near the resistance level, suggesting a breakout is imminent. At the same time, the price is testing the upper bound of the Gaussian channel (0.21–0.23 USD). If it breaks through and holds, it may confirm a bullish trend, with the channel turning upward and driving the price towards 0.3 USD (approximately a 40%–50% increase). The key support level is at 0.18–0.19 USD.

Bullish factors include: Conflux 3.0 improving performance, AI integration, stablecoin collaboration, and support from Chinese regulators. However, if the breakout fails or market volatility increases, the price may pull back to $0.18. To reach $0.3 in August, it needs to break through $0.25 and maintain high trading volume.

I built positions in batches at 0.20 and 0.19!
Currently, it should be no problem to see 0.3 in the short term!