Conflux (CFX) is currently trading at $0.076513, experiencing a 24-hour decline of 3.69%. The daily range has been relatively tight, with a high of $0.079524 and a low of $0.075592, indicating subdued volatility in the short term.

The trading volume stands at approximately 23.6 million, which represents 6.07% of its market capitalization. The moving averages suggest bearish momentum, with the 8 SMA at $0.0768 down 0.41% and the 55 SMA at $0.0785 down 2.52%, confirming a downward trend over various time frames.

Technical indicators reveal a 1-hour RSI of 39, indicating the asset is approaching oversold territory. However, the 7-day RSI of 46 suggests that the selling pressure may not be fully exhausted, and the price action could remain under pressure in the short term.

Fundamentally, CFX has seen a significant price drop over the past week, down nearly 15%, and a more substantial decline of over 20% in the past two weeks. In contrast, the 30-day price change shows a modest gain of about 6%, which suggests some recovery potential, although this is overshadowed by recent losses.

Given the current market conditions and the bearish indicators across various moving averages and RSI levels, the outlook for Conflux appears negative. Thus, the recommendation is to hold, as the potential for a reversal may exist, but a clearer bullish signal is needed before initiating new positions.