Conflux (CFX) is currently priced at $0.052283, reflecting a 24-hour decrease of 5.81%. The daily price range has been tight, with a high of $0.055979 and a low of $0.052249, indicating limited volatility in the current market environment.

Volume for the last 24 hours stands at 12,264,358, translating to a volume-to-market cap ratio of 4.55%. The negative price momentum is evident in the hourly moving averages, with the short-term SMAs (8, 13, and 21) all showing losses of over 3%, suggesting a bearish trend.

The 1-hour RSI is at 24, indicating that CFX is significantly oversold in the short term, while the 7-day RSI at 42 suggests a potential lack of buying pressure. Furthermore, the asset has experienced substantial declines over various time frames, with a 30-day price change of -35.61% and a 14-day change of -26.50%, highlighting a prolonged bearish trend.

CFX's all-time high was reached at $1.70 in March 2021, and the current price indicates a significant drawdown of approximately 96.9%. Given the persistent downward momentum and the oversold conditions reflected by the RSI, a cautious approach is warranted.

Taking into account the technical indicators and the fundamental context, the current price levels do not present a strong buying opportunity, and the bearish trend suggests potential further declines. Therefore, the recommendation is to Hold, allowing for potential recovery signals before considering a Buy position.