Coinflux Price Fit Fall Below $0.20 After 14% Rally
Coinflux (CFX) don lose almost 2% for 24 hours after e jump 14% last week, e come down to around $0.2097. Di rally for Coinflux na because people dey expect offshore-yuan stablecoin for China, e carry CFX go up 190% inside 30 days. Even with dis gain, di coin still dey 87% down from im all-time high of $1.70. Technical indicators dey show say di bullish momentum dey fade: di RSI dey 52 and MACD lines near neutral. If selling pressure continue, CFX fit retest $0.159 and fit fall reach main support at $0.102. But if e bounce back, e fit make price go pass di high for last week $0.2789 and head to $0.30 level.
Bearish
Classify as bearish, di risk say CFX fit fall below $0.20 dey show say momentum weak after strong rally. Just like before wen speculation do blow like USDC rumour wey fade, Coinflux fit face profit-taking plus stop-loss trigger. RSI at 52 and MACD dey close to neutral show say buyers dey lose control, e mean short-term downside risk increase go $0.159 and $0.102 levels. But long-term outlook still dey cautious optimism as adoption rumour for China fit blow back bullish momentum once technical correction balance settle. Traders suppose dey monitor volume plus on-chain metrics: if e bounce persist above $0.2789, e go confirm say uptrend don resume, but if e break below $0.159, e go fit open further downside. Overall, this news show say short-term bearish sentiment dey, but chance dey for renewed gains if market confidence return.