​🚀 The currency $CFX is preparing to explode! Is it time to enter?
​Exciting movements we see today on the $CFX/USDT pair! The currency shows strong bullish signals after a period of consolidation. Here’s a summary of the technical analysis from the chart:
​🔹 Breaking resistance: The price is now testing a very critical area at $0.05571. We notice a serious attempt to stabilize above the EMA(52) moving average, which may open the door for an upcoming bullish rally.
​🔹 Buying momentum: The $RSI indicator reached 74, reflecting complete control by buyers, while the MACD indicator gave a clear positive crossover supporting the continuation of the green wave.
​🔹 Upcoming targets: If stability is maintained above the $0.0555 level, the near target is $0.0590, and then heading towards higher levels exceeding $0.064.
​⚠️ Advice: Despite the positivity, the relative strength index is approaching overbought areas, so monitor the daily close closely before making your decision!
​What do you think? Do we see $CFX soaring away this week? Share your predictions with us in the comments! 👇
$CFX
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