Conflux (CFX) is currently priced at $0.04814737, reflecting a 24-hour decrease of 2.58%. The daily trading range has been narrow, with a high of $0.050588 and a low of $0.04785541, indicating limited volatility within this period.

Volume stands at approximately 9,196,190, translating to a volume-to-market cap ratio of 3.70%, suggesting moderate trading activity relative to its market capitalization. The short-term moving averages show a bearish trend, with the 8 SMA at $0.0482 indicating a minor decline of 0.21%, while longer-term averages, such as the 144 SMA at $0.0518, are down 7.02%.

The Relative Strength Index (RSI) indicates a strong bearish sentiment, with an hourly RSI of 17 suggesting oversold conditions. In the 7-day timeframe, the RSI is at 42, which reflects a lack of momentum for a potential recovery, especially considering the 7-day price change of -12.17%.

Over the past 30 days, CFX has experienced a significant downturn of 31.53%, indicating a prolonged bearish trend. This is further compounded by the fact that the asset is trading approximately 97.16% below its all-time high of $1.70, reached in March 2021.

Considering the current technical indicators, such as the bearish moving averages and extremely low RSI, the market sentiment appears negative. In light of these factors, I recommend a Sell rating for Conflux (CFX) as the asset is likely to continue facing downward pressure in the near term.