Conflux (CFX) is currently trading at $0.094394, reflecting a significant decline of 8.92% over the last 24 hours. The price has seen a daily high of $0.104717 and a low of $0.09354, indicating heightened volatility and a daily range of 0.011177%.

The trading volume stands at 21,015,209, with a volume-to-market cap ratio of 4.33%, suggesting moderate market interest relative to its size. However, moving averages indicate a bearish trend, as the short-term 8 SMA and 13 SMA are down 7.00% and 7.35%, respectively, while longer-term averages like the 144 SMA show a more pronounced decline of 10.93%.

Momentum indicators are currently bearish, with the 1-hour RSI at 22, indicating oversold conditions, while the 7-day RSI at 39 suggests a lack of upward momentum in the short term. The price has dropped significantly over various time frames, with a 7-day change of -19.05%, a 14-day change of -15.43%, and a 30-day change of -35.74%, all signaling persistent bearish sentiment.

Despite the oversold conditions indicated by the RSI, the consistent downtrend in price and moving averages suggests a lack of immediate bullish catalysts. Furthermore, the all-time high of $1.70 achieved in March 2021 seems increasingly distant, emphasizing the need for a sustained recovery in market sentiment for any significant price appreciation.

Given the current market conditions, including substantial recent declines and bearish indicators, the recommendation is to hold CFX. While there may be potential for a bounce due to oversold conditions, the broader trend remains negative, and caution is advised before considering any buying actions.