Conflux (CFX) is the native token of the Conflux Network, a scalable Layer‑1 blockchain designed for DeFi, dApps, and cross‑border value transfer, with low fees and EVM compatibility.
The price currently trades around $0.05–$0.06 USD (~৳6–৳9 BDT), still far below its all‑time high of approximately $1.70, reflecting significant long‑term drawdown.
Recent modest rallies have been seen as broader market sentiment improves, but CFX still faces resistance above the short‑term moving average and sideways consolidation.
Trading volume remains decent for its market bracket, yet lack of strong catalysts means price action follows macro crypto trends more than project‑specific news.
Analysts note key support levels near recent lows; sustaining above these could anchor short‑term relief bounces, while breaks risk deeper pullbacks.
Broader adoption and network activity, including decentralised apps and new exchange listings, will be vital for medium‑ to long‑term promise.
@Conflux Network Official $CFX #CFXCoin #cfx