The recent bullish surge in the price of Conflux (CFX) appears to be stalling, as the cryptocurrency faces a notable resistance in the form of its 20-day exponential moving average (EMA).
On July 12, CFX advanced 11.22% to retest the 20-day EMA and the Fib 0.236 level at $0.2096.
However, in today's session, the CFX price is showing signs of weakness as it slips down 1.99% so far today, teetering around $0.1973....
Read More: Is it Too Late to Buy Conflux? CFX Pumps Up 11% in 24 Hours and Mr. Hankey Coin Presale is Launching in Less Than 24 Hours – 100x Potential?
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