Conflux (CFX) is currently trading at $0.074078, experiencing a 24-hour decline of 3.71%. The price range over the last 24 hours was between $0.074076 and $0.077076, indicating low volatility with a daily range of just 0.003%.

The trading volume stands at approximately 16.54 million, with a volume-to-market cap ratio of 4.33%. This suggests moderate trading activity, but the downward price movement may indicate bearish sentiment among traders.

Technical indicators show a bearish trend across the short-term moving averages, with the 8 SMA at $0.0753 and the 13 SMA at $0.0752, both reflecting losses of approximately 1.55%. The longer-term 144 SMA is at $0.0732, showing a slight increase of 1.21%, suggesting some support at this level.

The 1-hour Relative Strength Index (RSI) is at 42, indicating a neutral to slightly bearish momentum, while the 7-day RSI is at 50, suggesting no strong trend in the short-term. However, the 7-day price change of -5.16% and a 30-day change of -28.19% indicate a significant bearish trend over the longer term.

CFX has a stark contrast from its all-time high of $1.70, achieved in March 2021, which demonstrates a long-term downtrend. Without any substantial catalyst to reverse the trend, the price remains significantly below previous highs, creating a challenging environment for bullish momentum.

Given the current technical indicators, bearish sentiment, and ongoing downward price trend, the recommendation is to Hold. While there may be potential for recovery, the absence of immediate bullish signals or strong support levels suggests that traders should wait for more favorable conditions before considering a Buy.