Conflux (CFX) is currently trading at $0.04572919, reflecting an 8.95% decline over the past 24 hours. The price has experienced a daily range of $0.00496412, with a high of $0.050322 and a low of $0.04535788, indicating significant volatility.

The trading volume stands at 12,491,002 CFX, representing 5.30% of the market cap, which suggests moderate trading activity but not enough to counter the price drop. The moving averages show consistent downward pressure, with the 8 SMA at $0.0483, indicating a 5.30% decrease, and longer-term averages such as the 144 SMA at $0.0499 reflecting an 8.28% decline.

Momentum indicators are notably weak, with the 1-hour RSI at 17, signaling oversold conditions, while the 7-day RSI at 43 suggests a lack of bullish momentum. Over the last week, CFX has decreased by 16.02%, and over the last 14 and 30 days, the asset has lost 18.00% and 30.94%, respectively, indicating a prolonged bearish trend.

Given the substantial price decline from its all-time high of $1.70 in March 2021, the current valuation appears to reflect significant bearish sentiment. The persistent downward momentum, coupled with weak volume, suggests that selling pressure is still dominant in the market.

Based on this analysis, the recommendation for Conflux (CFX) is a Sell rating. The combination of oversold conditions does not currently present a strong reversal signal, and the broader trend remains bearish, making it prudent to exit positions until there are clear signs of recovery.