Conflux ($CFX) Crypto Forecast: Down 5.5% Today

What is Conflux?

Conflux (CFX) is a cryptocurrency token known for its innovative blockchain technology that aims to provide high throughput and scalability.

Why is Conflux going down?

CFX crypto is down 5.5% on Aug 5, 2025 16:41

• Despite Conflux (CFX) being mentioned as a top gainer in the cryptocurrency market, it experienced a strong bearish movement today.
• The bullish reversal in other tokens like Ethena (ENA) and Stellar (XLM) might have attracted traders away from Conflux (CFX), causing a sell-off.
• It's possible that profit-taking from previous gains in Conflux (CFX) contributed to the bearish movement despite the positive sentiment in the broader cryptocurrency market.
• Traders might have shifted their focus to other tokens with more promising short-term prospects, leading to the bearish movement in Conflux (CFX) today.

CFX Price Chart

CFX Technical Analysis

CFX News

Top Crypto Gainers: Ethena, Conflux, Stellar signal bullish reversal with double-digit gains

Ethena (ENA), Conflux (CFX), and Stellar (XLM) edge higher at press time on Monday, adding gains over the Sunday rise to outpace the broader cryptocurrency market in the last 24 hours.

https://www.fxstreet.com/cryptocurrencies/news/top-crypto-gainers-ethena-conflux-stellar-signal-bullish-reversal-with-double-digit-gains-202508040321

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Conflux Price History

09.00.2025 - CFX Crypto was down 5.0%

• The bearish movement in CFX could be attributed to profit-taking by traders following a period of bullish momentum.
• The launch of a mining pool by a prominent exchange may have increased the circulating supply of CFX, leading to downward pressure on its price.
• The market may be reacting to the news with caution, as increased mining activity could potentially impact the token's scarcity and value in the long term.
• Investors might be reevaluating their positions in CFX amidst the ongoing market uncertainty and the introduction of new mining opportunities.

17.09.2024 - CFX Crypto was down 6.9%

• CFX likely experienced a bearish movement due to the overall market trend of consolidation and a down day for major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin.
• The revelation of a major update on various coins may have shifted investor focus away from CFX, leading to a decrease in demand and subsequent price drop.
• Despite the bearish movement, a trader's optimistic view of the "second leg of the bull cycle" for Bitcoin, Ethereum, and Dogecoin suggests that there could be potential for a market turnaround, which might positively impact CFX in the future.

11.10.2024 - CFX Crypto was up 5.2%

• The positive movement in CFX is linked to the Conflux Foundation's pledge of $500M to support the PayFi Web3 payments solution. This considerable investment showcases faith in the project and probably kindled investor enthusiasm for the future expansion and adoption of CFX. Consequently, traders are responding favorably to this development, leading to an increase in the price of CFX during today's trading session.

31.09.2024 - CFX Crypto was down 5.5%

• The focus on CFX potentially reclaiming $0.50 highlights a tough resistance level the token is trying to overcome.
• References to Fibonacci level breakout indicate a technical analysis approach, showing that traders are attentive to critical levels for market shifts.
• The emphasis on a substantial recovery suggests a prior price decline for CFX, fueling speculation and positivity among investors for a potential bullish turnaround soon.

24.11.2024 - CFX Crypto was up 8.3%

• The optimistic outlook on two cryptocurrencies reaching a $1 billion market cap by 2025 might have influenced investor sentiment, leading to a surge in buying pressure on CFX.
• The expectation of future growth and the potential for CFX to achieve a significant market cap in the future may have played a role in its current bullish movement.

17.09.2024 - CFX Crypto was down 5.3%

• The bearish movement in CFX today could be attributed to profit-taking by short-term traders following a recent price surge.
• The lack of specific news or updates related to CFX suggests that the token's price movement may have been influenced by broader market trends or technical factors.
• Traders might be shifting their focus to other coins, leading to a temporary dip in CFX's price as attention is diverted elsewhere.
• It's essential for investors to stay informed about market developments and conduct thorough research before making trading decisions in the volatile cryptocurrency space.

19.10.2024 - CFX Crypto was down 5.8%

• The partnership between Bit.Store and Conflux Network aimed to enhance spending options for CFX holders, however, the token experienced a bearish movement today.
• This market reaction could stem from profit-taking by investors after a recent price surge or broader market sentiment affecting cryptocurrencies.
• Investors seem to be awaiting more substantial developments or increased adoption of CFX in the crypto space before potentially driving the price upward once again.
• Observing the evolution of the Bit.Store and Conflux Network partnership will be crucial in understanding its potential impact on CFX's price trajectory soon.

05.01.2025 - CFX Crypto was up 5.3%

• The upward trend of CFX may be linked to the optimistic market sentiment towards digital assets, indicating investor trust in cryptocurrencies.
• The market's varied performance could have introduced volatility, prompting traders to explore strong tokens like CFX for potential opportunities.
• Given the significant gains in the cryptocurrency market, investors might be looking to diversify their portfolios and consider assets such as CFX for potential profits amid market fluctuations.

21.06.2025 - CFX Crypto was up 7.2%

• CFX surged over 100% due to the positive sentiment surrounding the ongoing Conflux Technology and Ecosystem Conference.
• The anticipation of the upcoming release of the "Conflux 3.0 Architecture" also contributed to the bullish momentum.
• The market movement showcases investors' confidence in Conflux's technological advancements and future prospects.
• The strong performance of CFX highlights the importance of fundamental developments and community engagement in driving cryptocurrency prices.

17.04.2025 - CFX Crypto was down 5.2%

• The bearish movement in CFX could be attributed to profit-taking by investors after a recent bullish run.
• The partnership between AEON and Conflux to enable crypto payments may have diverted attention and investment away from CFX temporarily.
• Investors might be concerned about potential competition in the crypto payment space, leading to a sell-off in CFX.
• It's possible that traders are repositioning their portfolios based on the news of new developments in the crypto payment sector, causing a dip in CFX's price.

05.07.2025 - CFX Crypto was down 5.5%

• Despite Conflux (CFX) being mentioned as a top gainer in the cryptocurrency market, it experienced a strong bearish movement today.
• The bullish reversal in other tokens like Ethena (ENA) and Stellar (XLM) might have attracted traders away from Conflux (CFX), causing a sell-off.
• It's possible that profit-taking from previous gains in Conflux (CFX) contributed to the bearish movement despite the positive sentiment in the broader cryptocurrency market.
• Traders might have shifted their focus to other tokens with more promising short-term prospects, leading to the bearish movement in Conflux (CFX) today.

28.02.2025 - CFX Crypto was down 5.1%

• CFX experienced a strong bearish movement today, likely due to profit-taking by investors after a recent spike in price.
• The overall market sentiment towards cryptocurrencies may have shifted, leading to a sell-off in CFX and other tokens facing losses.
• It's important for investors to stay updated on market news and trends to make informed decisions in the highly volatile cryptocurrency market.