Conflux (CFX) is currently trading at $0.04477, reflecting a 3.44% decrease over the last 24 hours. The daily price range has been relatively tight, with a high of $0.04682 and a low of $0.04442, indicating a market struggling for upward momentum amid declining volume, currently at 8,601,599.

The technical indicators suggest bearish sentiment, as the hourly moving averages are all trending downwards with notable declines: the 8 SMA shows a decrease of 2.17%, while the 144 SMA has declined by 6.76%. Furthermore, the RSI metrics indicate oversold conditions; the 1-hour RSI is at 30, while the 7-day RSI is at 43, suggesting a lack of buying pressure in the short term.

Fundamentally, the price has suffered significant declines over longer periods, with the 7-day price change at -20.51%, the 14-day change at -33.98%, and the 30-day change at -41.62%. The substantial drop from its all-time high of $1.70 in March 2021 emphasizes the long-term bearish trend and challenges the cryptocurrency faces in regaining investor confidence.

Given these indicators, CFX is currently in a downtrend with weak buying signals and increasing selling pressure. The combination of bearish technical signals, declining volume, and negative price momentum suggests that it may not be an opportune time to enter the market.

Rating: Sell. The analysis indicates that CFX is likely to continue facing downward pressure, and investors should consider exiting positions to minimize potential losses.