Conflux Explodes 9% as Golden Cross Signals Major Bullish Breakout

The RSI indicator shows constructive momentum at 70.56, while the price is getting close to the extreme overbought levels. Price is not currently at an extreme level that would indicate an immediate reversal, giving it plenty of room to push higher before facing significant technical resistance. The MACD histogram shows strong positive momentum, and the MACD line just crossed above the signal line, further supporting our bullish outlook.

Volume analysis validates the breakout, with total trading volume soaring 110%. Not only is this an increase in validation that the breakout is legitimate and not low-volume manipulation, but this is also a likely indication of more institutional accumulation, as well as steadily growing retail appetite for CFX.

Moreover, the next major resistance level seems situated at $0.25, which is in line with the previous highs. If CFX maintain momentum and stays above the $0.15 support zone, then it can demonstrate a bullish rally toward the higher targets. Considering the technical breakout, positioning of moving averages, explosive volume, and retail engagement, there appears to be a strong case for sustained bullish momentum in the short term.