Conflux [CFX] surges 40% in a day as short orders liquidate: What now?

Conflux [CFX] surged over 40% in a single day after breaking a four-month consolidation period, indicating strong bullish momentum.

The price broke above the $0.10 level with significant trading volume, signaling a potential upward trend, although resistance at $0.18 may trigger a price correction.

Increased trading volume of 374% reflects strong interest in CFX, with buyers outweighing sellers as short orders are liquidated.