Conflux (CFX) is currently trading at $0.070712, reflecting a slight decline of 1.79% over the past 24 hours. The price has fluctuated within a daily range of $0.003225, with a high of $0.07292 and a low of $0.069695, indicating limited volatility in the short term.

The trading volume for CFX stands at 10,790,170, representing 2.97% of its market cap. The short-term moving averages show a bearish trend, with the 8 SMA at $0.0709 and a decline of 0.30%, while the longer-term 144 SMA is significantly lower at $0.0745, indicating a 5.12% drop.

The Relative Strength Index (RSI) indicates oversold conditions at the 1-hour mark, registering at 30, while the 7-day RSI sits at 46, suggesting potential bearish momentum. The 7-day price change reflects a notable decline of approximately 7.33%, alongside a 14-day price change of -7.56%, reinforcing the current downtrend.

Historically, CFX reached an all-time high of $1.70 in March 2021, highlighting the substantial distance to recover to previous peaks. However, the 30-day price change shows a slight recovery of 0.56%, which may suggest some stabilization in the longer term.

Given the current technical indicators, including the bearish short-term moving averages and oversold RSI conditions, the market sentiment appears cautious. The recent price action and volume data do not indicate a strong buying signal, suggesting that further downside risk remains present.

In conclusion, with the technical indicators predominantly signaling bearish trends and the historical context showing significant distance from all-time highs, a Hold rating is recommended. This strategy allows investors to monitor for potential stabilization or reversal signals before making further investment decisions.