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The Conflux price skyrocketed 63% in the last 24 hours to trade at $0.2147 as of 4:58 a.m. EST on trading volume that surged 335% to $5.3 billion.
This surge in the CFX price comes after Conflux Network, a Chinese Layer 1 blockchain, teased the launch of Conflux 3.0, announcing plans to help issue a stablecoin pegged to offshore yuan, as China explores the possibility of a yuan stablecoin.
The firm will partner with fintech firm AnchorX and Eastcompeace Technology to develop offshore yuan-pegged stablecoins.
Conflux Price Poised For A Pullback After Parabolic Rally: Will The Bulls Hold The Line?
The CFX price has staged an explosive rally on the 4-hour chart, surging to $0.2399 before retreating slightly to $0.2147.
This parabolic move has pushed the Conflux price well above key Fibonacci retracement levels, hinting at overheated conditions that may trigger a short-term correction, as GeckoTerminal data shows.
Meanwhile, the Moving Average Convergence Divergence (MACD) remains bullish with widening histogram bars and the orange signal line well below the blue MACD line, indicating upward momentum is still intact for now.
CFX price action also sits comfortably above the 50 and 200 Simple Moving Averages (SMAs) on the 4-hour chart, reinforcing the overall bullish trend.
On the other hand, the Relative Strength Index (RSI) is hovering at 83.30, deep in overbought territory, suggesting buyers may be running out of steam. Similarly, the Stochastic RSI shows a crossover above 80, often a precursor to short-term weakness.
With these dynamics, the price of Coinflux is likely to experience a cooling-off period in the near term, with a possible plunge toward $0.179 before resuming its uptrend.
If bulls hold the line and momentum fires up, the price of CFX could move back to $0.2399, and even a breakout run toward $0.34.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain.
According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER could soar 10X after launch.
Bitcoin Hyper Presale Closing On $4 Million – Next 10X Crypto?
The Bitcoin Hyper presale continues to gain traction in the crypto space, with investors rapidly accumulating the HYPER token. Over $3.96 million has been raised since the presale started, reflecting strong demand.
The Bitcoin Hyper project aims to address scalability challenges in the Bitcoin ecosystem, enhancing its overall usability.
By leveraging the high-speed infrastructure of Solana, it transforms BTC into a fee-efficient, practical payment method for daily use and global commerce.
The magic happens through the Solana Virtual Machine (SVM). This is the same engine that powers Solana’s lightning-fast transactions and low fees.
Meanwhile, BTC payments on the Bitcoin Hyper platform settle instantly with low fees, making them ideal for micropayments and global transactions.
🚨 Bitcoin Hyper is now live in Best Wallet! 🚨@BTC_Hyper2 is building Bitcoin’s first Layer 2 focused on real scalability — enabling fast, cheap BTC transactions, meme coins, dApps, and more.
It’s secured by Bitcoin L1 and powered by Solana VM tech for high speed and massive… pic.twitter.com/5Ktj12RCR1
— Best Wallet (@BestWalletHQ) June 5, 2025
For investors seeking a secure platform, this may be the perfect project, as it utilizes a Canonical Bridge that supports layer-2 speed and cost efficiency.
The project is also offering investors an impressive 241% annual percentage yield (APY) for purchasing and staking HYPER tokens.
Investors interested in participating in the presale can visit the official Bitcoin Hyper Token website to buy HYPER tokens for $0.01235 each using crypto or a bank card.
Buy before the next presale price increase in about 29 hours.
Visit the Bitcoin Hyper website.
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