CFX still seems to be rising today, but I’m already feeling a bit uneasy inside.

Look at it, it did have a surge within 24 hours, jumping from 0.069 to 0.078, and the peak looked quite lively. But now? It’s slowly sliding back down, returning to around 0.072. This kind of movement, how to say, is like catching your breath and then weakening afterward.

There’s an old saying in the circle—such tokens are often a barometer. If it can’t hold up, the entire market is probably about to follow suit. CFX’s decline this time, although not very large in scope, if you look closely at some indicators, the MA7 is still at 0.068, the MA25 at 0.063, the price is indeed above these levels, but the trading volume is starting to shrink. The Vol is only over 77 million, not even reaching the 90 million average over 5 days. What does this mean? The buying pressure is falling behind.

Looking at MACD, the DIF and DEA are still in a golden cross state, but the height of the bars isn’t as strong as before. In past market cycles, such signs often signal the tail end of a rally.

There’s also some positive news. Conflux is linked to Chinese finance and AI, involving machine-to-machine payments and Web3 privacy social networking—sounds pretty impressive. But have you noticed? After these news releases, the price only surged briefly and then nothing followed. Currently, the community is split—one group thinks the fundamentals are solid, while another is quietly pulling out.

My personal feeling is that this small rally is probably over. What’s coming next might be a period of decline or at least a frustrating sideways correction.

I’m not trying to be bearish, but the market situation is right there. Be prepared and have a clear mindset. Don’t wait until it really drops before you start panicking.

How it will go from here, everyone can judge for themselves. $CFX ‌#Gate广场五月交易分享