Conflux (CFX) is currently trading at $0.076499, reflecting a 24-hour decline of 2.14%. The price has experienced a daily high of $0.079205 and a low of $0.074751, indicating a tight trading range of $0.004454.

The trading volume stands at 17,357,594, with a volume-to-market cap ratio of 4.40%, suggesting moderate interest in the asset. The hourly moving averages indicate a bearish trend, with the 8 SMA at $0.0773 down 1.00% and the 55 SMA at $0.0797 down 4.07%, which implies short-term downward pressure.

The 1-hour RSI at 41 indicates that CFX is nearing oversold conditions, which could suggest a potential rebound if buying interest emerges. In contrast, the 7-day RSI at 50 shows neutral momentum, and the price changes over the past week (6.16%), two weeks (3.77%), and month (3.40%) indicate some resilience.

Despite the current price dip, CFX is significantly lower than its all-time high of $1.70, suggesting substantial upside potential if market conditions improve. However, the overall market sentiment remains cautious, as reflected by the negative short-term moving averages and declining price action.

Given the current bearish indicators and resistance at the short-term moving averages, the recommendation is to Hold. This strategy allows for capitalizing on potential short-term rebounds while waiting for clearer bullish signals before considering a Buy.