Conflux (CFX) is currently trading at $0.04554145, reflecting a 24-hour decline of 5.75%. The price has fluctuated between a high of $0.04860141 and a low of $0.04470869 in the last day, indicating weak bullish momentum as the asset is trading near its daily low.

The daily trading volume stands at 9,216,833, with a volume-to-market cap ratio of 3.92%, suggesting relatively low interest in the asset compared to its market capitalization. The hourly moving averages show a consistent downward trend, with the 8 SMA at $0.0460 and a decline of 0.90%, while the 144 SMA is significantly higher at $0.0506, indicating a bearish outlook over a longer time frame.

Momentum indicators are also revealing bearish signals; the 1-hour RSI is at 39, signaling that CFX is nearing oversold territory, while the 7-day RSI at 43 confirms the weakness. Additionally, the 7-day price change is a significant -17.69%, with longer-term changes showing a 14-day drop of -31.94% and a 30-day decline of -41.43%, highlighting a substantial negative trend.

Conflux's all-time high of $1.7 was reached in March 2021, illustrating how far the asset has fallen from its peak, which adds to the bearish sentiment currently observed in the market. Given the current technical indicators, including declining moving averages and bearish momentum, the overall sentiment points towards a lack of buying pressure.

Based on this analysis, a Sell rating is appropriate for CFX. The combination of negative price action, weak momentum indicators, and deteriorating market conditions indicates a continuation of the downtrend, making it prudent to exit positions or avoid new purchases.