Conflux (CFX) is currently priced at $0.073588, reflecting a 24-hour decline of 3.90%. The price has been fluctuating within a daily range of $0.003487, with a high of $0.076873 and a low of $0.073386, indicating a lack of significant volatility during this period.

Trading volume stands at approximately 10 million, with a volume-to-market cap ratio of 2.64%. This relatively low volume suggests a lack of strong buying interest, which may further contribute to the downward price momentum observed over the past week, where CFX has decreased by 12.79%.

Technical indicators reflect bearish sentiment, with the hourly RSI at an extreme low of 14, signaling oversold conditions. Furthermore, the 7-day RSI of 43 indicates that CFX is nearing oversold territory, but is not yet there, suggesting potential for further declines before a reversal may occur.

Moving averages are consistently trending downward, with the 8 SMA at $0.0749 down 1.76% and the 144 SMA at $0.0757 down 2.76%. This downward trend across multiple moving averages indicates sustained selling pressure, which may continue to affect short-term price movements negatively.

Over the last 30 days, CFX has experienced a decline of 18.11%, reflecting a longer-term bearish trend that shows little sign of reversing. The all-time high of $1.70 achieved in March 2021 remains significantly above the current price, emphasizing the substantial drawdown and the need for strong catalysts to regain upward momentum.

Given the current bearish indicators, lack of buying volume, and downward trend across moving averages, the market sentiment for Conflux appears weak. Therefore, the recommendation is to Hold CFX at this time, as further downside may be realized before a potential recovery can be assessed.