$CFX shot up 110% this week, reaching a 7-month high after significant catalysts such as the Tree-Graph 3.0 update—scheduled to launch before August 1—and the renewed enthusiasm surrounding AI integration and real-world asset use cases. On-chain data shows that smart money accumulation has increased by ~46% since July 19, signaling growing institutional confidence.

The offshore yuan stablecoin pilot AxCNH (in partnership with AnchorX and Eastcompeace), which will launch in Singapore and Malaysia, has boosted market volume by 128%, transforming Conflux into a focal point for DeFi expansion in Asia.

Despite facing resistance near $0.233–$0.248, the technical momentum remains strong, and bullish indicators like the Bollinger Bands and Ichimoku suggest room to retarget $0.30+ if support holds above $0.18.