Conflux (CFX) is currently trading at $0.04602707, reflecting a significant 7.23% decrease in the last 24 hours. The price has oscillated between a high of $0.04961572 and a low of $0.04607637, indicating a narrow daily range of $0.00353935, which suggests low volatility during this period.

The trading volume stands at 8,161,028, equating to a volume-to-market cap ratio of 3.43%. This relatively low volume indicates reduced trading interest, which can be a bearish signal in the current market context as price declines have been accompanied by declining engagement.

Moving averages reveal a consistent downtrend with the 8 SMA at $0.0480 showing a decline of 4.02% and the 144 SMA at $0.0518 reflecting a 11.15% drop. The short-term moving averages are all below the current price, confirming bearish momentum, while longer-term indicators show sustained weakness, indicating a trend that is unlikely to reverse in the near term.

The 1-hour RSI is currently at 27, suggesting the asset is in oversold territory, while the 7-day RSI of 43 shows it is nearing the oversold threshold but has not yet confirmed a reversal. Price changes over the past week, 14 days, and 30 days are all negative, with declines of approximately 16.92%, 30.20%, and 39.95%, respectively, reinforcing the bearish sentiment surrounding CFX.

Considering these factors, Conflux's technical indicators and price action indicate a lack of immediate buying pressure and sustained selling momentum. Therefore, the recommendation for CFX is to Sell, as the current market conditions do not support a bullish outlook in the near term.