Conflux (CFX) is currently trading at $0.067179, reflecting a slight decline of 0.42% over the last 24 hours. The daily trading range has been narrow, with a high of $0.068577 and a low of $0.066662, indicating a stable but weak price movement within this period.

Volume stands at approximately 9.66 million, which accounts for 2.79% of the market cap, suggesting moderate trading activity. The hourly moving averages show a bearish trend, with the 8 SMA at $0.0673 and the 21 SMA indicating a consistent downward trajectory, reinforcing the lack of upward momentum.

The 1-hour RSI is at 38, nearing the oversold territory, while the 7-day RSI at 45 suggests some bearish pressure but not yet in extreme conditions. Over the past week, CFX has decreased by about 5.98%, and the 14-day and 30-day price changes further highlight a downtrend of 12.77% and 7.68%, respectively.

The all-time high for CFX was recorded at $1.70 in March 2021, which presents a significant resistance level far above the current price. The prevailing bearish indicators, coupled with the declining moving averages and negative RSI trends, suggest that a rebound is not imminent.

Given the current market conditions, including the declining price momentum and technical indicators pointing toward further weakness, a Sell rating is warranted. Investors should consider exiting positions or waiting for clearer bullish signals before re-entering.