- Bullish CFX price prediction for 2024 is $0.3417 to $0.8825.
- Conflux (CFX) price might reach $2 soon.
- Bearish CFX price prediction for 2024 is $0.0493.
In this Conflux (CFX) price prediction 2023, 2024-2030, we will analyze the price patterns of CFX by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
CONFLUX (CFX) PRICE PREDICTION 2024 |
|
| CONFLUX (CFX) PRICE PREDICTION 2025, 2026, 2027-2030 |
| CONCLUSION |
| FAQ |
Conflux (CFX) Current Market Status
| Current Price | $0.1901 | 24 – Hour Price Change | 6.29% Up |
| 24 – Hour Trading Volume | $123,882,416 |
| Market Cap | $842,988,792 |
| Circulating Supply | 4,436,638,175 CFX | All – Time High | $1.70 (On Mar 27, 2021) |
| All – Time Low | $0.02191 (On Jan 01, 2023) |
What is Conflux (CFX)
| TICKER | CFX |
| BLOCKCHAIN | Conflux |
| CATEGORY | Permissionless Layer-1 Blockchain |
| LAUNCHED ON | October 2020 |
| UTILITIES | Governance, Fast Transactions, gas fees & rewards |
Conflux (CFX) is a next-generation, high-performance blockchain platform designed to address the limitations of existing blockchain networks. Launched in 2020, Conflux offers a scalable and secure infrastructure that supports the creation of decentralized applications (dApps) and smart contracts. It uses a unique Tree-Graph consensus algorithm, which allows it to process a high number of transactions per second (TPS) while maintaining decentralization and security. This innovative approach enables Conflux to achieve greater efficiency and lower latency compared to traditional blockchain systems.
The Conflux Network aims to facilitate cross-border collaboration by providing developers and enterprises with an open and inclusive environment. It focuses on fostering the growth of the decentralized economy in Asia, with strong support from the Chinese government. Conflux’s native token, CFX, is used to pay transaction fees, incentivize network security, and participate in governance decisions within the ecosystem.
Conflux 24H Technicals
(Source: TradingView)
Conflux (CFX) Price Prediction 2024
Conflux (CFX) ranks 76th on CoinMarketCap in terms of its market capitalization. The overview of the Conflux price prediction for 2024 is explained below with a daily time frame.
CFX/USDT Horizontal Channel Pattern (Source: TradingView)
In the above chart, Conflux (CFX) laid out a horizontal channel pattern also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the lows, run horizontally parallel and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
At the time of analysis, the price of Conflux (CFX) was recorded at $0.1901. If the pattern trend continues, then the price of CFX might reach the resistance levels of $0.1794, and $0.2979. If the trend reverses, then the price of CFX may fall to the support of $0.1416, and $0.1094.
Conflux (CFX) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Conflux (CFX) in 2024.
CFX/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as the resistance and support levels of Conflux (CFX) for 2024.
| Resistance Level 1 | $0.3417 |
| Resistance Level 2 | $0.8825 |
| Support Level 1 | $0.1137 |
| Support Level 2 | $0.0493 |
CFX Resistance & Support Levels
Conflux (CFX) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Conflux (CFX) are shown in the chart below.
CFX/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Conflux (CFX) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.1446Price = $0.1618 (50MA < Price) | Bullish/Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 54.3711 <30 = Oversold 50-70 = Neutral>70 = Overbought | Neutral |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak Volume |
Conflux (CFX) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Conflux (CFX) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
CFX/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Conflux (CFX).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 24.4964 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 53.70 <50 = Low >50 = High | High Volatility |
Comparison of CFX with BTC, ETH
Let us now compare the price movements of Conflux (CFX) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs CFX Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of CFX is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of CFX also increases or decreases respectively.
Conflux (CFX) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Conflux (CFX) between 2025, 2026, 2027, 2028, 2029, and 2030.
| Year | Bullish Price | Bearish Price |
| Conflux (CFX) Price Prediction 2025 | $2.3 | $0.03 |
| Conflux (CFX) Price Prediction 2026 | $2.6 | $0.02 |
| Conflux (CFX) Price Prediction 2027 | $2.9 | $0.01 |
| Conflux (CFX) Price Prediction 2028 | $3.2 | $0.009 |
| Conflux (CFX) Price Prediction 2029 | $3.5 | $0.008 |
| Conflux (CFX) Price Prediction 2030 | $3.8 | $0.007 |
Conclusion
If Conflux (CFX) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Conflux (CFX) price prediction for 2024 is $0.8825. Comparatively, the bearish Conflux (CFX) price prediction for 2024 is $0.0493.
If there is a positive elevation in the market momentum and investors’ sentiment, then Conflux (CFX) might hit $2. Furthermore, with future upgrades and advancements in the Conflux ecosystem, CFX might surpass its current all-time high (ATH) of $1.70 and mark its new ATH.
FAQ
1. What is Conflux (CFX)?
Conflux (CFX) is a next-generation, high-performance blockchain platform designed to address the limitations of existing blockchain networks.
2. Where can you buy Conflux (CFX)?
Conflux (CFX) has been listed on many crypto exchanges which include Binance, KuCoin, OKX, Gate.io, Bitget, BKEX, Phemex, Indodax, MEXC, LBank, CoinEx, Tokocrypto, DigiFinex, Deepcoin, XT.COM
3. Will Conflux (CFX) record a new ATH soon?
With the ongoing developments and upgrades within the Conflux platform, Conflux (CFX) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Conflux (CFX)?
Conflux (CFX) hit its current all-time high (ATH) of $1.70 on March 27, 2021.
5. What is the lowest price of Conflux (CFX)?
According to CoinMarketCap, CFX hit its all-time low (ATL) of $0.02191 on Jan 01, 2023.
6. Will Conflux (CFX) hit $2?
If Conflux (CFX) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $2 soon.
7. What will be the Conflux (CFX) price by 2025?
Conflux (CFX) price might reach $2.3 by 2025.
8. What will be the Conflux (CFX) price by 2026?
Conflux (CFX) price might reach $2.6 by 2026.
9. What will be the Conflux (CFX) price by 2027?
Conflux (CFX) price might reach $2.9 by 2027.
10. What will be the Conflux (CFX) price by 2028?
Conflux (CFX) price might reach $3.2 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
