Conflux (CFX) is currently priced at $0.08031, showing a notable 24-hour increase of 7.11%. The asset's daily price range is relatively tight, fluctuating between a low of $0.07498 and a high of $0.080295, indicating strong momentum in the short term.

Volume for the past 24 hours stands at 15,812,922, which corresponds to a volume-to-market cap ratio of 3.81%. This suggests that trading activity is robust, supporting the recent price increase and indicating potential continued interest from investors.

From a technical perspective, short-term moving averages are trending positively, with the 8 SMA at $0.0782 showing an increase of 2.70%. The 1-hour RSI is at 80, indicating that CFX is overbought in the very short term, while the 7-day RSI at 61 suggests there is still room for upward movement before reaching critical overbought conditions.

In terms of recent performance, CFX has seen a 7-day price change of approximately 10.37% and a 14-day change of 14.94%. This consistent upward trajectory over multiple time frames indicates strong bullish sentiment among traders and could suggest a continued positive outlook if buying pressure persists.

Despite its recent price action, the asset is trading significantly below its all-time high of $1.70, achieved in March 2021. This considerable distance from the all-time high implies potential for significant upside as the market continues to recover from previous downturns.

Taking into account the strong short-term price action, positive moving averages, and bullish RSI readings, a Buy rating is warranted for Conflux (CFX) at the current price level. The combination of technical indicators and the current market sentiment suggests that further price appreciation is likely, making it a favorable entry point for investors.