Conflux hardfork triggers 10% CFX drop – Here’s what went wrong!

After the Conflux hardfork, which introduced eight improvement proposals, the price of CFX dropped over 10% in 24 hours despite a bullish community sentiment of 77.78%. This contradiction reflects a significant divide between investor optimism and market reactions.

Technical trends indicate bearish signals, with MACD showing downward movement and a confirmed decline in open interest by 19%. However, the ongoing accumulation of CFX suggests some investors are seizing the dip as an opportunity for future gains.