Conflux (CFX) is currently trading at $0.061444, reflecting a significant 7.28% decrease over the past 24 hours. The price has oscillated between a high of $0.066313 and a low of $0.060572 during this period, indicating a daily range of 0.005741, which is relatively tight.

Volume has been recorded at 20,420,658, translating to a volume-to-market cap ratio of 6.44%. This level of trading activity suggests a moderate interest in the asset, but the downward price movement indicates a lack of buying pressure.

Technical indicators show bearish momentum, with the 1-hour RSI at 30, which is indicative of oversold conditions. Additionally, the 7-day RSI at 40 suggests a lack of bullish momentum, as prices have declined 13.62% over the past week, and 19.89% over the last 14 days.

Moving averages further illustrate the bearish trend, with short-term SMAs (8, 13, and 21) all trading below the longer-term SMAs (55 and 144). The 8 SMA at $0.0625 is down 1.71%, while the 144 SMA at $0.0676 shows a decline of 9.15%, reinforcing the downward trajectory of the asset.

The price of CFX is still significantly below its all-time high of $1.70, reached in March 2021, indicating that it has not regained bullish momentum since its peak. Given the current technical indicators and the prevailing bearish sentiment, it appears that the market is lacking sufficient catalysts for a recovery.

Considering all of the above factors, the recommendation for Conflux (CFX) is to Sell. The combination of negative price momentum, bearish technical indicators, and insufficient trading volume to support a rebound suggests that further declines may be forthcoming in the near term.