Conflux (CFX) price rises over 40% to break through $0.26! Offshore RMB stablecoin AxCNH becomes a key catalyst, accelerating blockchain layout in Asia.

The public chain project Conflux's native token CFX is leading the rise in the Crypto Assets market today, surging 40% in a single day to break through 0.26 USD, with volume soaring by 128%. Key driving factors include: China's policy shift to support compliant private stablecoins, Conflux's joint launch of the offshore RMB stablecoin AxCNH with Anchor Technology, and its active layout in the areas of RWA tokenization and Blockchain cross-border payments (especially in Belt and Road settlements). With Singapore and Malaysia's pilots imminent, long positions dominate the derivation market, and the technical aspect confirms a breakout trend, but the RSI being Overbought requires caution for a pullback.

Conflux (CFX) price and volume both soared, leading the crypto market According to CoinMarketCap data, the Conflux token CFX has experienced a big pump today, with a daily rise as high as 40%, and the current trading price is approximately $0.26. Meanwhile, its 24-hour volume has also shown explosive growth, increasing by over 128%, making it one of the most outstanding assets in the crypto assets market.

Policy Tailwinds and Three Strategic Layouts Ignite Market Enthusiasm Market observer CFX3U pointed out on social platform X that the core driving force behind Conflux's recent rise is its alignment with China's latest regulatory policy shift (from focusing on state-owned CBDC to supporting regulated private stablecoins), and its continued advancement of three key strategies: tokenization of real-world assets (RWA), building payment tools through PayFi, and issuing stablecoins including offshore RMB (CNH) and Hong Kong Dollar (HKD).

Offshore Renminbi stablecoin AxCNH becomes today's biggest catalyst The most important positive news today is that Conflux has announced a partnership with AnchorX and Eastcompeace Technology to officially launch the offshore RMB stablecoin AxCNH. This move perfectly aligns with China's latest policy direction and significantly strengthens Conflux's position as the preferred network for blockchain-based cross-border payment solutions. According to analysis by The Defiant, Conflux is expected to play a key role in connecting the settlement system of the Belt and Road Initiative.

AxCNH Southeast Asia pilot is imminent, adding fuel to the rise AxCNH will launch a pilot program in Singapore and Malaysia on August 1. This upcoming practical application scenario provides more support for the strong bullish momentum surrounding CFX, attracting a large number of crypto investors' attention.

CFX derivation market activity surges, long positions dominate The derivatives market data confirms the rising interest among traders. The open interest for CFX futures has significantly increased by 20.75%, reaching $785.3 million. The total liquidation amount in the past 24 hours was $11.5 million, with a relatively low proportion of long positions being liquidated. This indicates that the buying power is dominant, and market sentiment generally expects that the CFX price still has room for upward movement. Short squeezes and forced liquidations are likely to be the key forces driving the CFX price to break through the previous resistance zone of $0.21-$0.22.

CFX price technical analysis confirms breakout pattern, focus on key resistance levels From the 4-hour chart, the CFX price has effectively broken through the multi-day consolidation range, entering the price discovery phase. The current structure shows a strong upward trend, characterized by continuously rising lows and solid support from the ascending trendline. The latest 4-hour candlestick, accompanied by high trading volume, has seen a big pump of over 21%, successfully clearing the resistance ahead. Technical indicators show that the CFX price is far above the 31-period Exponential Moving Average (EMA, located at $0.187), confirming the strength of long positions. However, the Relative Strength Index (RSI) has reached 78.80, entering the overbought zone. Traders need to be cautious; if the market enters consolidation, the pullback target may look towards the $0.22-$0.20 support range. If the rise continues, the CFX price will next face two significant psychological resistance levels at $0.26 and $0.30.

Conclusion: Conflux has successfully ignited market enthusiasm and driven both CFX price and volume to new heights by accurately seizing policy opportunities (especially with the launch of the offshore renminbi stablecoin AxCNH) and strategically positioning itself in the blockchain cross-border payment and RWA fields. Although there is a short-term technical risk of an overbought pullback, its potential role in the Asian blockchain ecosystem, particularly in the settlement systems related to the Belt and Road Initiative, provides important narrative support for its long-term development. The upcoming progress of the AxCNH Southeast Asia pilot project will become a focal point for the crypto community's subsequent attention.