Recently, the cryptocurrency market has experienced a wave of slight turbulence, with Conflux (CFX) particularly noteworthy. The price of CFX has seen a certain degree of pullback, dipping to a low of $0.185 at one point, indicating significant selling pressure.

Currently, CFX is fiercely contending near the key Fibonacci support level, attempting to stabilize market sentiment and resist further downward pressure. Notably, in the past 24 hours, the trading volume of CFX surged to 39.42 million USD, reflecting a significant increase in market participation.

As of the time of writing, the latest quote for CFX is approximately $0.188, down more than 2% from 24 hours ago. Nevertheless, the technical indicator RSI remains in a relatively strong range around 60, indicating that the buying power still has a certain level of resilience. However, the market may continue to exhibit a volatile trend in the short term.

Overall, CFX is currently in a phase of adjustment. This price fluctuation may be a natural process of the market rebalancing, or it may signal deeper changes. For investors, it is particularly important to closely monitor market trends, assess potential risks, and adjust strategies in a timely manner. In this uncertain market environment, maintaining rationality and vigilance will be key to coping with market fluctuations.