Conflux (CFX) is currently priced at $0.070945, reflecting a significant decline of 5.33% over the past 24 hours. The asset traded within a daily range of $0.005263, reaching a high of $0.074941 and a low of $0.069678, indicating short-term volatility.

Trading volume stands at 14,445,563, with a volume-to-market cap ratio of 3.94%, suggesting moderate interest from traders but low engagement relative to its overall market capitalization. The hourly moving averages indicate mixed signals; while the 8 SMA and 13 SMA show slight upward trends of 0.24% and 0.51% respectively, the longer-term SMAs (21, 55, and 144) indicate bearish momentum with declines of 1.02%, 4.66%, and 4.37%.

The Relative Strength Index (RSI) readings paint a bearish picture; the 1-hour RSI is at 37, suggesting that CFX is approaching oversold territory. The 7-day RSI at 42 further confirms weakness, alongside notable price declines over multiple time frames—13.92% over the past week, 12.48% over 14 days, and 20.57% over 30 days.

Despite the historical all-time high of $1.70 achieved in March 2021, the current price is significantly below this level, indicating a strong downtrend and lack of upward momentum. Given the technical indicators and the persistent bearish pressure over both short and long time frames, the market sentiment remains negative.

In conclusion, with current trends indicating continued weakness and no immediate bullish reversal signals, a Sell rating is warranted for Conflux (CFX). Traders should exercise caution until stronger bullish indicators emerge or until the price stabilizes above key moving averages.