Conflux (CFX) is currently trading at $0.070258, experiencing a 24-hour decline of 3.19%. The daily range has been narrow, with a high of $0.072915 and a low of $0.070315, indicating limited volatility in the short term.

Volume has reached 10,248,487, reflecting a relatively low trading activity with a volume-to-market cap ratio of 2.83%. This low volume suggests a lack of strong market interest, which could hinder upward price movements in the near future.

Short-term moving averages are displaying bearish signals, with the 8 SMA at $0.0711, down 1.23%, and the 21 SMA at $0.0715, down 1.77%. The 144 SMA shows a slight uptick at $0.0702, but overall, the trend in short-term averages is negative, reflecting selling pressure.

The 1-hour RSI is at 32, indicating potential oversold conditions, but the 7-day RSI at 50 suggests the asset is neither overbought nor oversold in the medium term. The 7-day price change is -1.51%, while the 14-day and 30-day changes are -5.00% and -13.87% respectively, showing a clear downtrend in the price action over both short and long periods.

Conflux's all-time high of $1.70 from March 2021 highlights the significant distance the asset needs to cover to regain previous highs. Given the current technical indicators, including negative price momentum and bearish moving averages, the outlook remains cautious.

Based on the analysis, the recommendation is to Hold. While there are signs of oversold conditions in the short term, the prevailing downtrend and lack of strong buying interest indicate that entering a position may be risky at this stage.