Conflux (CFX) Jumps 42% as a New Yuan-Backed Stablecoin Is Announced

Conflux surges 42% amid yuan-backed stablecoin and Conflux 3.0 upgrade buzz Trading volume jumps 320%, signaling strong investor interest and breakout strength RSI and MACD confirm bullish momentum but warn of potential short-term correction Conflux (CFX) has captured the market’s attention with a powerful surge of nearly 42% in the last 24 hours. This dramatic move is driven by two major catalysts: the announcement of a new yuan-backed stablecoin and growing excitement around the upcoming Conflux 3.0 network upgrade . This investor enthusiasm pushed the token to an intraday peak of $0.28 before it stabilized near $0.266. The bullish breakout is confirmed by technical indicators, which show rising momentum. A 320% volume spike confirms CFX bullish breakout The recent rally began at around $0.1873 , which served as a firm intraday support level. From there, CFX entered a phase of mild consolidation before sharply breaking out. During the breakout, trading volume soared to $619.1 million, an increase of over 320% in just 24 hours. This spike suggests that the rally is not a fluke but rather driven by legitimate market interest and speculation surroundi… The post Conflux (CFX) Jumps 42% as a New Yuan-Backed Stablecoin Is Announced appeared first on Coin Edition .

Source: Coin Edition