Altcoin To Watch This Week - Conflux (CFX) And Its 113% Rise

CFXUSDT has seen a major rally, becoming one of the top-performing altcoins in recent days. Boosted by the recent Conflux Conference in Shanghai, CFX surged 113% in the last 24 hours. The altcoin is now trading at $0.22, drawing investor attention amid heightened momentum and renewed community optimism.

Excitement continues to grow as CFXUSDT gears up for its 3.0 upgrade, scheduled for early August. This major milestone could act as a bullish catalyst. If CFX rebounds from the $0.17 support level, the altcoin may breach $0.24 and potentially rise toward the key psychological mark of $0.30 in the short term.

However, risk remains if investors begin securing profits after the significant gains. A drop below the $0.17 support could drive CFXUSDT lower toward $0.11. Such a move would reverse current bullish momentum, causing traders to reassess expectations as bearish sentiment overtakes the altcoin’s rally.