Conflux (CFX) is currently priced at $0.0458687, reflecting a 24-hour change of -3.37%. The daily trading range has been tight, with a high of $0.0485104 and a low of $0.04556039, indicating a market under slight bearish pressure.

Volume stands at 9,515,326, with a volume-to-market cap ratio of 4.02%, suggesting moderate trading activity relative to its market capitalization. The short-term moving averages (8 SMA, 13 SMA, 21 SMA, and 55 SMA) indicate a downtrend, as all are showing negative percentage changes, particularly the 144 SMA, which is down 5.34%.

The 1-hour RSI is at 40, signaling that CFX is approaching oversold territory, while the 7-day RSI of 43 confirms weak momentum. Over the past week, CFX has dropped 16.94%, and over the last 14 and 30 days, the declines are even more pronounced at 32.90% and 39.04%, respectively.

Given the historical context, CFX remains far below its all-time high of $1.70 set in March 2021, illustrating a significant loss of value. The current technical indicators and negative price momentum suggest a prevailing bearish sentiment in the market.

Based on this analysis, the recommendation for Conflux (CFX) is to Hold. While short-term indicators suggest a potential for recovery, the overall trend remains negative, and a more favorable entry point may emerge if the price stabilizes or begins to trend upwards.