Conflux (CFX) surged an impressive 28% on Tuesday, reaching $0.2439 as traders responded enthusiastically to the platform’s latest strategic announcements. The rally positioned CFX as one of the few digital assets posting gains in an otherwise subdued market.
Strategic Partnership Drives Momentum
The price spike followed news of Conflux’s collaboration with AnchorX and Eastcompeace Technology to develop the AxCNH offshore yuan stablecoin. Set to launch pilot programs on August 1st in Singapore and Malaysia, this initiative targets cross-border payment solutions within China’s Belt and Road Initiative framework.
The partnership represents a significant step in Conflux’s broader strategy, which encompasses Real World Asset tokenization, PayFi solutions, and stablecoin development. Market participants have taken notice, with the platform’s green energy swap asset package reportedly selling out entirely according to China Business News.
🚨 China plans to launch a YUAN-PEGGED STABLECOIN
This will inject +$2T into crypto Chinese alts will explode
Every $40 NOW will turn into $44K with the China alts
Here are 6 Chinese alts set to skyrocket 👇🧵 pic.twitter.com/bzloPK33T8
— Miero (@0xMiero) July 15, 2025
Trading activity exploded alongside the price movement, with CoinMarketCap recording a 128% jump in CFX’s daily volume. This surge reflects growing interest in blockchain projects focused on Chinese market integration and regulatory-compliant tokenization efforts.
Technical Indicators Signal Further Upside
From a technical perspective, CFX touched an intraday peak of $0.278, piercing through the upper Bollinger Band on daily charts. While the formation of an upper wick suggests some profit-taking at these levels, the overall pattern remains constructive for bulls.
The Bollinger Bands have shifted upward, signaling increased volatility with a bullish bias. When prices consistently test or exceed the upper band accompanied by strong volume, it typically confirms breakout momentum rather than exhaustion.
Key support rests between $0.17 and $0.18, and maintaining these levels could set the stage for a run toward $0.30. Should buying pressure continue, the next major resistance sits at $0.34, coinciding with previous consolidation zones from mid-2024. However, any drop below the 20-day moving average at $0.14 would challenge the current bullish thesis.
The momentum in CFX has sparked speculation about potential spillover effects into other emerging projects. Solaxy, positioning itself as Solana’s first Layer-2 solution, has garnered attention with its ongoing SOLX token presale offering prices below $0.02 and staking rewards up to 67%.
Market Outlook and Implications
The strong positive sentiment surrounding Conflux’s stablecoin initiative and broader Chinese blockchain adoption could sustain buying pressure in the near term. With regulatory clarity improving for private stablecoins in Asian markets, CFX appears well-positioned to benefit from this evolving landscape.
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