Recently, CFX has experienced a price and volume breakout driven by favorable policies and technology synergy. $0.057 has become an effective support while $0.0685 is a strong short-term resistance. If this resistance is breached with increased volume, $0.075 could be tested. Policy catalysts such as Hong Kong's stablecoin license continue to trigger structural buying, supported by AI and ZK ecosystem development, empowering long-term value. It is necessary to dynamically monitor macro risk appetite and geopolitical volatility. It is recommended to use $0.057 as a stop-loss reference, accumulate on dips, moderately increase positions after breaking $0.0685, and seize opportunities within the upward range.

On April 16th, CFX saw a surge with a significant volume increase. The intraday high reached $0.06847, closing at $0.0677 and posting a gain of over 18% compared to the previous session. Trading volume soared to 770,000, substantially higher than the recent average, indicating strong bullish activity. This price level successfully broke through the upper boundary of the long-term consolidation zone at $0.057, which can now be considered short-term support with limited downside retracement. The main resistance above is near $0.0685; if effectively breached, there is further room to $0.075.

On April 10th, major progress was made in the regulation of stablecoin issuance, directly catalyzing CFX from an opening price of $0.0518 to a high of $0.0557, an intraday gain of about 7.5%. This round of favorable policy provided strong buying support for CFX and led to a bottoming consolidation zone around $0.051 during the ensuing pullback, demonstrating the significant impact of regulatory-driven events on price movement.

The Hong Kong Monetary Authority will announce the first batch of stablecoin issuer licenses today at 5 PM. Driven by regulatory optimism, Conflux (CFX) surged strongly, with WEEX data showing CFX opening at $0.0518 and reaching a high of $0.0557, marking a 7.5% increase within the day.

Hong Kong stablecoin license is about to be implemented, WEEX platform CFX rises 7.5% intraday.

Recent geopolitical easing has driven a short-term Bitcoin rally; on April 9th, stabilization in the Middle East led to broad gains in risk assets. However, low funding rates in the derivatives market indicate persistent market caution. At the same time, hawkish Fed expectations and institutional hedging demand are causing major assets to oscillate between dips and rebounds. As a high-beta asset, CFX has also experienced volatility amid these macro sentiment shifts. Overall, risk appetite leans slightly bullish but attention should still be paid to possible secondary corrections triggered by sudden geopolitical or interest rate news.

Bitcoin surged past $72,000, rising about 3% to approximately $72,300, driven by easing tensions in the Middle East. Israeli Prime Minister Netanyahu reportedly initiated talks with Lebanon, supported by Trump's call for reduced Israeli military actions to maintain a ceasefire. Bitcoin's 24-hour gain of around 2% outpaced other major cryptocurrencies and coincided with a rebound in U.S. stocks and a drop in oil prices. Bitcoin is increasingly decoupling from tech stocks, influenced more by geopolitical and risk-averse factors.

Analysis: Bitcoin breaks through $72,000, Middle East ceasefire expectations boost market sentiment.

On April 10, as Bitcoin surpassed $72,000 again, data from Coinglass showed that funding rates on major centralized and decentralized exchanges indicate a deepening bearish market sentiment. Funding rates, used to balance perpetual contract prices with underlying asset prices, reflect trader sentiment: rates above 0.01% suggest bullishness, while rates below 0.005% indicate bearishness. Current rates point to increased bearishness.

The current mainstream CEX and DEX funding rates indicate a deepening bearish sentiment in the market.

Bitcoin has surpassed a four-week high, rising above $74,000. Analysts identify $75,000 as a critical "volatility release point," where derivative market negative gamma effects may amplify price fluctuations. This level coincides with Bitcoin's 100-day moving average, a key resistance in January. Breaking $75,000 could accelerate an uptrend, while a pullback may increase downward pressure. The $80,000–$80,600 range is a positive gamma zone with lower volatility, and the 200-day moving average at $87,519 serves as a long-term reference.

Analysis: Bitcoin breaks four-week high, key price range may intensify market volatility

BitMart Research Weekly highlights easing US-Iran tensions and a hawkish shift in the Federal Reserve, driving a rebound in risk assets including crypto. US stocks, especially AI-related sectors, show strong recovery amid geopolitical risks. Inflation data signals potential upward pressure if oil prices stay high. Crypto markets follow US stocks with BTC and ETH leading, while altcoins remain volatile. Institutional inflows into Bitcoin ETFs and MicroStrategy’s increased BTC holdings indicate long-term confidence.

BitMart Research Institute Weekly Hotspot Analysis: US-Iran Easing Combined with Fed's Hawkish Shift, Crypto Market Follows Rebound to Form a Bottom

Bitcoin rose to around $74,935 during the Asian session, up 0.7% in 24 hours and 5.4% weekly, driven mainly by spot buying rather than broad risk appetite. Derivatives markets show caution: perpetual contract funding rates remain negative, open interest declines, and options indicate higher demand for downside protection. This suggests a rebound, not a trend reversal, amid ongoing risk aversion and cautious sentiment despite gains.

Analysis: Bitcoin strengthens along with US stocks, but the options market still bets on downside risk.

The Conflux Network has entered into a strategic partnership with Zypher Network, focusing on the integration of AI and zero-knowledge technologies to improve network scalability and privacy protection. This collaboration responds to the dual requirements of Web3 applications for performance and security, helping to attract more developers and enterprise users and drive ecosystem growth and application implementation. Over the medium to long term, technological iteration and increased ecosystem activity will provide core support for the value of the CFX token.

Conflux

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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Conflux Price: CFX Live Price Today | CFX Market Cap & Chart Analysis | Bybit-eu

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CFX price today is 0.07, with a live price change of 0.99 in the last 24 hours. Convert, buy, sell and trade CFX on Bybit-eu.

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