Conflux (CFX) is currently trading at $0.070306, experiencing a 24-hour decline of 2.25%. The price has fluctuated between a high of $0.073586 and a low of $0.06898 within the past day, indicating a daily range of 0.004606%, which reflects moderate volatility.

The trading volume over the past 24 hours is reported at 18,353,052, representing a volume-to-market cap ratio of 5.06%. Short-term moving averages reveal a bearish trend; the 8 SMA at $0.0718 shows a decrease of 2.11%, while the 21 SMA at $0.0724 has declined by 2.92%, indicating downward momentum across different time frames.

The 1-hour RSI stands at 33, suggesting that CFX is approaching oversold conditions, while the 7-day RSI is at 49, indicating a neutral stance in the short to medium term. However, both the 14-day and 30-day price changes show significant declines of -14.48% and -26.76%, respectively, highlighting ongoing bearish sentiment over a longer timeframe.

The all-time high for Conflux was $1.70, recorded on March 27, 2021, illustrating a stark contrast to its current price level. The sharp depreciation from its all-time high and the current downward pressure, compounded by the negative price changes across multiple time frames, suggest that the market is not favoring CFX at this moment.

Given the current bearish indicators, including declining moving averages and RSI readings that suggest potential overselling, the recommendation is to hold CFX for now. A clear reversal signal is needed to justify a buy position; hence, maintaining a watchful stance is prudent in this volatile environment.