The Conflux Price Drops Over 10% as Investors Sell Off
The price of Conflux, a cryptocurrency, has fallen by more than 10% in the past 24 hours, reaching $0.1471 at 9:00 am EST. This drop has caused the weekly performance of Conflux to be in the negative zone, down about 6%. Many investors have been dumping their Conflux holdings.
Conflux Price Outlook
Currently, the Conflux price is attempting to close a daily candle within a rising wedge pattern on the chart. If it manages to do so in the next 48 hours, there could be a potential challenge at the $0.1715 barrier. A daily close above this level may be seen as a bullish development and could lead to further price increases to the $0.2110 resistance level.
However, technical indicators on the daily chart suggest that there may be a short-term bearish trend. The Moving Average Convergence Divergence (MACD) line is approaching the MACD Signal line, indicating that the negative trend of Conflux may continue. Confirmation of this bearish thesis would occur if the MACD line crosses below the MACD Signal line.
Additionally, the Relative Strength Index (RSI) indicator has triggered a technical flag on the daily chart, showing that sellers have gained an advantage over bulls. These bearish signals, along with the rising wedge pattern, increase the likelihood of a pullback in the Conflux price in the coming days.
Investors Turn to Bitcoin Minetrix as an Alternative
While some investors are selling off their Conflux holdings, others are rushing to buy into Bitcoin Minetrix (BTCMTX). Bitcoin Minetrix is an innovative cloud mining platform that could potentially generate 20X returns for early-stage investors. With its native token, BTCMTX, currently trading at $0.0114, it is positioning itself as the next promising project in the market.
Given the increasing hype surrounding Bitcoin and the upcoming halving event in April 2024, Bitcoin Minetrix offers an opportunity for cryptocurrency enthusiasts to earn a passive income through BTC cloud mining.
Bitcoin Minetrix Nears Fundraising Target
Bitcoin Minetrix has already raised more than $3.2 million in its presale, indicating significant interest in the project. Investors have been eager to get in on the ground stage. Those looking to purchase BTCMTX can do so using Ether (ETH), Tether (USDT), or a bank card. However, time is running out, as the price of BTCMTX is set to increase in less than four days.
Hot Take: Bitcoin Minetrix Offers Exciting Potential for Investors
Bitcoin Minetrix is an innovative cloud mining platform that has gained attention for its impressive presale performance. With the rising interest in Bitcoin and the upcoming halving event, Bitcoin Minetrix presents an opportunity for investors to earn passive income through BTC cloud mining. Its native token, BTCMTX, is currently trading at a low price, making it an attractive investment option. As Bitcoin continues to generate hype and gain mainstream acceptance, Bitcoin Minetrix could be well-positioned for significant growth.
By
By
By
By