Conflux CFX price analysisConflux Token/TetherOKX:CFXUSDTP_S_trade Recently, #CFX price shot up very strongly, due to the publication of the news that: #ConfluxNetwork, China's Tier 1 blockchain, announced the launch of #Conflux 3.0 in August and announced plans to help issue a stablecoin pegged to the offshore yuan as China explores the possibility of issuing yuan stablecoins. The news already reads as βvery vague, promising...β but let's remember that we are talking about China, where crypto has been gradually banned since 2013 and finally banned in 2021. π° Looking at the CFXUSDT chart, we see that the price cannot be fixed above $0.19, which means that you should be careful with longs. π If the words from the news are confirmed by actions, then the #CFX price will definitely consolidate above $0.19 and then it will be safe to open a long position. π» And if the desired cannot be realized, then a correction to the $0.085-0.105 zone may become a new reality. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more