Recently, Conflux Network's native token CFX has shown signs of a short-term rebound in the secondary market. As of June 22, 2026, CFX is quoted at 0.04929 USDT, with a 24-hour increase of 2.62%, reaching a high of 0.04933 USDT during the trading session, and trading volume has also increased. After a prolonged decline, this price action has attracted the attention of some short-term traders.

From a technical indicator perspective, bullish momentum is accumulating. In the MACD indicator, the DIF line has crossed above the DEA line, and the histogram has shifted from negative to positive (currently 0.00075), indicating the downtrend has temporarily paused, and a short-term golden cross signal is emerging. Meanwhile, the 6-period RSI has rapidly risen to 75.61, entering the overbought zone, suggesting buying pressure is being released, accompanied by net capital inflow. Regarding moving averages, the current price has stabilized above the 7-period and 25-period moving averages (at 0.04904 and 0.04794 respectively), with short-term moving averages showing a bullish alignment. However, the 99-period moving average (at 0.05634) still acts as a significant resistance level above, implying that the rebound space may be limited.

Fundamentally, the Conflux ecosystem has recently launched multiple incentive initiatives, injecting demand expectations for CFX. Notably, on the Unitus Finance platform, an incentive plan targeting AxCNH lending will distribute a total of 175,000 CFX tokens over two weeks (120k for suppliers and 55k for borrowers), aiming to enhance protocol participation and token circulation efficiency. Additionally, developer ambassador programs and collaborations with institutions like Fireblocks and Alchemy Pay are continuously expanding the ecosystem in the PayFi and RWA (Real World Assets) sectors. These developments provide positive support for short-term market sentiment.

However, medium- to long-term risks should not be overlooked. CFX's maximum supply is set to unlimited, and ongoing mining output and staking releases will continuously create selling pressure. The current price has fallen more than 97% from the all-time high of around $1.70 in 2021, with a large amount of trapped positions above. If a rebound encounters resistance, rapid selling to cut losses may occur. Additionally, in terms of supply distribution, a significant proportion of tokens are held by the core team and ecosystem incentive addresses, with high concentration. Large-scale unlocking or transfer events could impact the market.

Overall, driven by both technical and fundamental factors, CFX shows a short-term rebound opportunity with trading prospects. However, structural issues such as unlimited supply, historical trapped positions, and concentrated holdings make the medium- to long-term trend uncertain. Investors should view the current rebound rationally, avoid blindly chasing highs, and closely monitor ecosystem developments and on-chain data changes. $CFX ‌#我的Gate交易时刻