$CFX /USDT – Consolidating at Key Levels Ahead of a Move? 🌉📊

Hey everyone, let’s talk about $CFX /USDT – a promising Layer 1/Layer 2 play that’s currently hovering around some important moving averages. Here’s the breakdown:

📊 Quick Stats:

· Price: $0.0792 | +3.53% ↗️

· 24h High: $0.0835

· 24h Low: $0.0763

· 24h Volume: 42.34M CFX | $3.39M USDT

📈 Technical Check:

$CFX is trading right at a crucial junction:

· MA(7): $0.0796

· MA(25): $0.0796

· MA(99): $0.0780

Both the MA(7) and MA(25) are converging at $0.0796, creating a strong dynamic resistance. The fact that the price is sitting just below this level tells us we’re at a make-or-break point.

The recent high of $0.0835** shows there’s buying interest, but we need to see a solid close above **$0.0796 to confirm bullish momentum.

🎯 Key Levels to Watch:

· Resistance: $0.0796 (MA7/MA25 confluence) → $0.0835 → $0.085+

· Support: $0.0780 (MA99) → $0.0763 (24h low)

Volume is decent but not exceptional. A volume spike on a breakout would add conviction.

💭 My View:

#CFX has been building a base around these levels for a while. As a China-friendly L1 with real adoption, it tends to react strongly to positive ecosystem news.

I’m watching the $0.0796** level closely. A break and hold above could trigger a move toward **$0.0835+. If it fails, we might revisit $0.076–$0.078.

If trading, consider waiting for a clear breakout or a pullback to the MA99 support with volume confirmation.

What’s your read on CFX? Do you think it’s gearing up for a breakout, or will it dip first?

Let’s discuss below! 👇

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