CFX grows as 12% as Conflux 3.0 upgrade spark demand – BITrs

CFX ($ 0.27), the original coin of Crocnux Network, which is the only regulator-compatible public blockchain of China, has increased by 12% today, making it the top-performing token cross crypto market.

This Rali comes despite a broad market pullback. This appearance is promoted by increasing by the advancing optimism of the high anticipated Concelx 3.0 upgrade set for launch in August.

3.0 Tree-Graff upgrade further increases speed

CFX has increased double digits today as enthusiasm makes the enthusiasm around its upcoming main upgradation. Duining the renovated conference and ecosystem conferencing, the network unveiled the details of the Set to launch next month, Consplux 3.0, Kodenmade Tree-Graff.

The Trea-Grum upgrade intradejus blocks parallel processing that will promote more than 15,000 transactions per second to the throughput of blockchain. It will also integrate Confux with Artificial Intelligence (AI) industry by enabled on-chanting of AI agents.

Additionally, on the upgrade network, cross-boy trades and real-quarter assets (RWA) will lay groundwork for tokens.

Anti -cycation of these enrichments, and the belief that they will greatly promote the utility and adoption of Confux, have increased the increase in demand of investors. This is increasing the price of CFX amidst increasing interest in renewed interest.

CFX indicated strong Rali capacity with recession

On the daily chart, the CFX trails the rapid spirit between the coin holders, trades above his Ichimoku cloud’s leading Spain A and B. These lines currently blow the dynamic support level CFX price at $ 0.1811 and $ 0.1550.

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CFX ICIMOKU Cloud. Source: TardingView

Ichimoku Claude tracks the facts of a property market trends and identifies potential support/resistance leads. When an asset trades over this indicator, it indicates a strong rapid trend and up speed. The market announcement is positive, and the property may continue to grow if it keeps above that support area.

ISA above the cloud is a speedy region, indicating a positive market spirit towards CFX. If this trend holds, the coin counts new benefits in the next old trading sessions.

Additionally, reading from CFX/USD One-Day suggests that the red straps of the BBTRAND indicator have been shortened. This indicates the pressure of the recession and acquires the way to the familiarly constant value glory.

CFX BBTREND. Source: TardingView

The indicator measures the strength and direction of a trend by analyzing the relative value movement of the Bollinger band. When it reduces the red bars, wears the slowdown speed in the market.

This indicates the potential start of a new fast phase for CFX, as it is an accident by other positive indicators such as growing trading videos and a positive value performance.

Can bulls push $ 0.24 obstacle towards $ 0.30?

The CFX trades just below the long -term value barrier formed on $ 0.2484. With the purchase-side pressure climbing, a successful violation of this resistance can connect the CFX price to $ 0.30.

CFX price analysis. Source: TardingView

However, if the advantage starts taking advantage, this rapid approach will be invalid. In that case, the value of CFX may fall to $ 0.1664.

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