Conflux CFX price analysis

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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 β€œvery vague, promising...” but let's remember that we are talking about China, where crypto has been gradually banned since 2013 and finally banned in 2021. πŸ’° 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. πŸ“ˆ 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. 🐻 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