The digital currency market managed another recovery move. Bitcoin price is back above $30,000. Sentiment is becoming increasingly bullish. Meanwhile, there are some cryptocurrencies that of course perform much better. Because Pepe (PEPE) is the top winner in the last seven days with 90%, the Conflux Coin (CFX) follows immediately with a price increase of around 50%. This means that bullish momentum is building up again. China narrative returns to markets thanks to Hong Kong cryptocurrency open, propelling CFX to a fresh weekly high and possibly above key resistance.
Crypto traders are already seeing the next Conflux rally:
Meanwhile, the Wall Street Memes (WSM) presale is also becoming increasingly bullish. Because here the $ 10 million should be completed in the next two days. Demand continues to rise. At the same time, meme coins like Pepe are currently pumping strongly again and could thus create a favorable market environment for WSM.
Learn more about Wall Street memes
Conflux price today: CFX much firmer, volume coming back
In the last 24 hours, Conflux is up around 9%. CFX was trading between $0.23 and $0.26. The volume also increased in the last 24 hours. In the past three days there has been a significant increase in sales. The market capitalization is around $543 million. Conflux is ranked 77th and is currently trading near the high of the past 24 hours. Minor resets were bought last. Now, CFX could turn to bullish price targets again.
The hourly chart shows an intact uptrend. Here minor support has now formed at $0.247 and $0.25 which would provide tight protection on a long setup. In this regard, however, it makes sense to wait for the end of the consolidation.
outbreak at conflux? RSI is trending bullish
Now, looking at the previous chart, the breakout above the multiple resistance level at $0.22-0.024 may have been successful. If CFX stabilizes at this level, further price gains appear possible. The RSI is increasingly bullish. The chart picture has brightened significantly with the recent price jump.
China Narrative Forming: Next Rally? CFX 85% below ATH
It seems obvious that Conflux, as the only blockchain approved in China, benefits from a larger narrative. However, the relative strength that CFX reveals in this rebound is impressive. Because the market is clearly outperformed. As Hong Kong and China open up to cryptocurrencies, chances are the current pump is just the beginning. With 85% below ATH, there is plenty of room to the record high. Some renowned partnerships with established companies from the Middle Kingdom continue to fuel the imagination – a coherent investment case in 2023.
Wall Street Memes: Demand Explodes, 10M This Week?
Those looking to bet on cryptos that benefit from a strong market environment could also take a look at Wall Street memes. Because WSM has already collected over $9.3 million in the last few weeks. The impressive milestone of $10 million is expected to be reached before the end of this week. Demand continues to explode, fueling hopes for public trading. With a community of over a million followers in social media, WSM is in no way inferior to PEPE Coin, for example. Nevertheless, the valuation for the ICO will only be around one tenth of PEPE – an attractive risk-reward ratio.
100% of the tokens are reserved for the community, the viral hype starts in advance. The vision of Wall Street memes is timeless. Because WSM will be the token of a movement of private investors uniting against the financial elite. Over 15% book profits make early participation in the presale attractive.
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