Conflux (CFX) is currently trading at $0.04659, reflecting a 24-hour decline of 3.18%. The price has seen a daily range from a low of $0.04599 to a high of $0.04866, indicating relatively tight volatility, although it is currently at the lower end of this range.

Volume over the last 24 hours stands at approximately 9.9 million, which translates to a volume-to-market cap ratio of 4.12%. This suggests moderate trading activity relative to its market capitalization, but the recent downward price movement may indicate weak demand or profit-taking among investors.

The hourly moving averages show a bearish trend, with the 8 SMA at $0.0467 down 0.20%, and the 144 SMA indicating a more significant decline at $0.0511, down 8.84%. The short-term moving averages (8 and 13 SMA) are positioned below the longer-term averages, suggesting a continuation of downward momentum.

The 1-hour RSI is currently at 37, suggesting the asset is approaching oversold territory but not yet there. Meanwhile, the 7-day RSI of 43 indicates that CFX is still in a weak position, with bearish pressure persisting over the past week, as reflected by a 7-day price change of -14.81%.

Fundamentally, Conflux has suffered significantly over the past month, with a 30-day price change of -39.12%. The significant drop from its all-time high of $1.70, reached in March 2021, underscores the challenges the asset faces in regaining investor confidence.

In conclusion, given the negative price momentum, weak RSI readings, and historical performance, the current market conditions suggest a bearish outlook for Conflux (CFX). Therefore, the recommendation is to Hold, as the asset may not be ready for a rebound in the near term, but it could present buying opportunities if it stabilizes around current levels.