Conflux (CFX) is currently trading at $0.07071, reflecting a slight decline of 0.65% over the past 24 hours. The price is positioned near the daily low of $0.070171, indicating potential bearish sentiment as it struggles to hold above critical support levels.

The daily trading range is tight, only $0.001789, suggesting low volatility and a lack of strong momentum in either direction. Volume stands at 8,485,135 with a volume-to-market cap ratio of 2.33%, indicating moderate trading activity, yet it falls short of igniting significant price movements.

Short-term moving averages reflect a bearish trend, with the 8 SMA at $0.0710 and the 13 SMA at $0.0712 showing declines of 0.43% and 0.68%, respectively. The longer-term 144 SMA at $0.0722 has decreased by 2.01%, reinforcing the downward trajectory and suggesting a lack of bullish reversal signals.

The Relative Strength Index (RSI) metrics reveal weakness, with the 1-hour RSI at 44 and the 7-day RSI at 43, both indicating a lack of buying pressure. This aligns with a substantial 7-day price change of -14.37% and a 14-day decline of -8.55%, underscoring the ongoing bearish momentum.

Conflux's all-time high remains significantly distant at $1.70, reached in March 2021, suggesting considerable downward pressure in the current market. The price action combined with technical indicators signals that sellers are currently in control, and without significant bullish catalysts, further declines could be anticipated.

Given the current bearish trend, weak RSI readings, and the proximity to key support levels, a Sell rating is warranted. Investors should closely monitor for signs of stabilization or reversal before considering any long positions in Conflux.