Conflux ($CFX) Crypto Forecast: Down 5.2% Today

What is Conflux?

CFX is a cryptocurrency token known for its innovative technology and strong community support. The overall cryptocurrency market has been volatile today, with many tokens experiencing fluctuations in prices.

Why is Conflux going down?

CFX crypto is down 5.2% on May 17, 2025 0:30

• 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.

CFX Price Chart

CFX Technical Analysis

CFX News

AEON and Conflux Partner to Make Crypto Payments a Reality

AEON and Conflux Partner to Make Crypto Payments a Reality

https://www.livebitcoinnews.com/aeon-and-conflux-partner-to-make-crypto-payments-a-reality-2/

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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.

16.09.2024 - CFX Crypto was down 5.0%

• The bearish movement of CFX could be attributed to profit-taking by investors after a recent price surge.
• The lack of specific news or updates related to CFX itself may have contributed to the downward trend.
• Traders might have shifted their focus to other coins mentioned in recent updates, leading to a decrease in demand for CFX.

14.09.2024 - CFX Crypto was up 5.8%

• The bullish movement in CFX today can be attributed to the positive sentiment surrounding the overall cryptocurrency market, fueled by updates from major exchanges like Binance on various coins, including NEIRO, POPCAT, and EIGEN.
• The anticipation of DeFi tokens like Fantom and Conflux hitting $1 has created a bullish atmosphere in the market, leading investors to show more interest in altcoins like CFX, contributing to its upward price movement.
• The market's optimism towards the potential growth of DeFi tokens and the broader cryptocurrency sector has likely influenced traders to take more bullish positions on CFX, driving its price higher throughout the day.

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.

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.

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.