Conflux (CFX) token experiences a remarkable surge, soaring over 200% in just a few weeks. With its "Tree-Graph" upgrade scheduled for August 31, it has the potential to redefine blockchain performance benchmarks. Combining technical innovations with bullish signals, Conflux is capturing investors' interest.
The Conflux (CFX) token is currently one of the most dynamic altcoins in the market. After plummeting in July, it has surged by more than 200%, rallying in the wake of Bitcoin’s recovery and other major cryptocurrencies.
This Conflux price surge comes as developers prepare to deploy a major upgrade to their blockchain network, dubbed “Tree-Graph.” Scheduled for August 31, this update promises to pave the way for revolutionary parallel processing capabilities. It will increase the network throughput to 15,000 transactions per second, surpassing heavyweight competitors like Ethereum and Tron.
Beyond these impressive technical performances, the Conflux 3.0 upgrade will also introduce new features. These will be based on artificial intelligence, cross-border exchanges, and real-world asset tokenization. A collaboration with AnchorX will even enable the launch of a stablecoin backed by the offshore yuan.
With support from leading platforms like Binance, this upgrade positions Conflux for significant growth in the coming months. Analysts highlight that the token has formed a highly bullish chart pattern, suggesting a continued upward trajectory.
Technical analysis of Conflux’s price indicates that the token has formed a “cup and handle” pattern on its daily chart. After reaching resistance at $0.2730, the price entered a consolidation phase, forming the handle of this pattern.
This technical configuration is generally considered an accumulation signal before the next upward phase. By measuring the depth of the cup, the token could reach $0.488, a 157% increase.
Additionally, Conflux has also formed a descending wedge pattern. This technical figure is often associated with a substantial rebound on the horizon. With the imminent “Tree-Graph” upgrade and support from major marketplaces, both technical and fundamental signals seem to converge towards a bullish trajectory for the Conflux token in the coming weeks.
Buy Conflux (CFX) now at just $0.195. An attractive entry point as the token is expected to head toward a meteoric rise. Here’s a buying guide on Bitget:
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