Conflux enables creators, communities, and markets to connect across borders and protocols.
Conflux's consensus is a hybrid mechanism that combines PoW and PoS. PoW miners produce blocks and sort them using the Tree-Graph algorithm, achieving high throughput and scalability.
Features
Transactions per second 3000-6000
Block time- 0.50 seconds
CFTUSD has showed a minor sell-off after a pullback.
Any daily close above $0.50 confirms further bullishness.
CFTUSD gained more than 25% in the past four days. The pair holds well above the short-term (21 and 55 EMA) and below the long-term moving average. It hit a high of $0.1750 and is currently trading around $0.16905.
The bullish invalidation can happen if the pair closes below $0.10. On the lower side, the near-term support is $0.1380. Any break below targets $0.120/$0.10. significant downtrend if it breaks $0.10.
The immediate resistance stands at around $0.20. Any breach above confirms bullish continuation. A jump to $0.25/$0.40/$0.50 is possible. A surge past $0.50 will take it to $0.75.
It is good to buy on dips around $0.1380 with SL around $0.10 for TP of $0.50.
