Conflux (CFX) is currently trading at $0.079963, experiencing a 24-hour decline of 3.87%. The daily trading range shows a high of $0.08352 and a low of $0.079817, indicating a relatively narrow range of $0.003703.

Volume stands at 14,052,129, with a volume-to-market cap ratio of 3.41%, reflecting moderate trading activity. The hourly moving averages indicate a bearish trend, with the 8 SMA at $0.0812 down 1.55% and the 55 SMA at $0.0831 down 3.76%.

The short-term 1-hour RSI is at 22, signaling oversold conditions, while the 7-day RSI at 49 indicates a neutral stance. However, both the 14-day and 30-day price changes show significant declines of approximately 9.53% and 19.11%, respectively, suggesting underlying weakness.

Historically, CFX reached an all-time high of $1.70 in March 2021, indicating a substantial distance from current price levels. This persistent downward trend and the current oversold condition could lead to a potential bounce back, but the prevailing bearish momentum should be acknowledged.

Given the combination of bearish indicators, a high level of selling pressure reflected in the RSI, and the consistent decline over the past month, a cautious approach is warranted. Therefore, the recommendation for Conflux (CFX) is to Hold, as potential for short-term recovery exists but is overshadowed by overall market weakness.