Conflux (CFX) is currently priced at $0.04945185, reflecting a significant 6.85% decline over the past 24 hours. The daily trading range has been tight, with a high of $0.053733 and a low of $0.04918263, indicating limited volatility amidst the bearish sentiment.

The trading volume of 11,437,085 CFX corresponds to a market cap volume ratio of 4.48%, suggesting relatively low liquidity. The short-term moving averages are indicating bearish trends, with the 8 SMA at $0.0511 and a decline of 3.14%, while the longer 21 SMA shows a decline of 4.73%, reinforcing downward pressure on the price.

The RSI metrics highlight a concerning oversold condition, with the 1-hour RSI at 17, indicating that the asset may be due for a short-term bounce. Conversely, the 7-day RSI at 47 is neutral, while the 14-day price change reflects a modest recovery of 4.05% from previous lows, suggesting potential for stabilization.

In the longer term, the 30-day price change of -26.32% indicates a sustained downtrend, which could discourage new investments. Given the all-time high of $1.70 in March 2021, the current price represents a significant retracement, leaving substantial upside potential if bullish momentum returns.

Considering the current bearish market conditions, low RSI readings, and substantial historical retracement, the recommendation is to Hold Conflux (CFX) at this time. A clearer buying opportunity may emerge if the price stabilizes above key moving averages and shows positive momentum in trading volume.