Conflux (CFX) is currently trading at $0.06255, reflecting a 24-hour price decline of 7.14%. The daily trading range has been tight, with a high of $0.068296 and a low of $0.061889, indicating short-term bearish sentiment.

The volume of $13,217,770 corresponds to a volume-to-market cap ratio of 4.10%, which suggests a moderate level of trading activity relative to its market capitalization. This volume level, combined with the recent price drop, could indicate a lack of buying interest at current price levels.

Moving averages show a bearish trend across various time frames, with the 8 SMA at $0.0650 down 3.73% and the 144 SMA at $0.0684 down 8.57%. The fact that all short-term moving averages are declining reinforces the negative sentiment, suggesting further downside potential in the near term.

The 1-hour RSI is extremely low at 17, indicating that CFX is significantly oversold in the short term. However, the 7-day RSI at 41 suggests that while momentum is weakening, it is not yet in oversold territory, indicating potential for a short-term bounce.

Over the past week, CFX has seen a price decline of approximately 11.47%, with losses extending to 18.03% over the past 14 days and 11.45% over the past 30 days. This consistent downtrend highlights the current negative momentum and investor sentiment surrounding the asset.

Given the overall technical indicators, bearish moving averages, and weak RSI levels, the outlook for CFX appears bearish in the short to medium term. Therefore, the recommendation is to Sell, as the recent price action and technical data suggest a continuation of the downtrend with potential for further declines.