Conflux surges 10%, but CFX price stalls at THIS crucial level

Key Points

1. Conflux (CFX) surged 10% in 24 hours, with price action maintaining a clear trend since July 19th when it climbed above $0.10.

2. Maximum pain levels for longs and shorts were at $0.20 and $0.23 respectively, with significant order volumes from both buyers and sellers.

3. Bulls and bears have confined CFX in a range between max pain levels since August, with current price at $0.22.

4. Network activity is heating up, with monthly active addresses reaching 15.2K and weekly unique addresses at 4.7K, while trading volume hit an ATH of $2.62 billion earlier this month.

5. A breach above $0.23 could push CFX to $0.27, while failure to defend $0.20 may lead to a drop to $0.18 or $0.16.