š Conflux & Dogecoin Skyrocket: Crypto Market Frenzy Hits New Highs
Crypto markets are roaring back to life as Conflux and Dogecoin lead the charge with jaw-dropping rallies. Forget 'slow and steady'āthis is a full-blown digital gold rush.
### Underdogs Turn Market Darlings
ConfluxāChinaās blockchain dark horseāis finally getting its moment, while Dogecoin proves memes can still move mountains (and market caps). Traders are piling in faster than a DeFi yield farm exploit.
### The Numbers Donāt Lie
Double-digit percentage gains across the board, because nothing fuels FOMO like green candles and FOMO like institutional money playing catch-up. Meanwhile, Bitcoin maximalists are quietly recalculating their portfolios.
### The Punchline?
Another day, another crypto narrative. Will this rally have more staying power than a Wall Street analystās attention span? Place your betsājust maybe hedge with some stablecoins this time.

Conflux Price Analysis: Targeting $0.30
At the Conflux Ecosystem Conference in Shanghai, the announcement of the Conflux 3.0 update, capable of 15,000 TPS, alongside the yuan-backed stablecoin plan focused on Belt and Road, and real-world asset integration, revived blockchain activity for the altcoin. Short sellers panicked as the price quickly surpassed the $0.10 resistance, leading to liquidations exceeding $1 million within hours. The diminishing supply in the spot market saw trading volume surge by 374%, supporting the rally.
Derivatives data confirms the entry of fresh capital into the rally. Open positions increased by 109%, funding rates turned positive, and the long/short ratio favored bulls. The price of CFX surpassed the 200-day EMA with volume support. The RSI has yet to signal exhaustion. If the $0.145 support holds, Fibonacci extension lines point to $0.21 and $0.235, and above $0.18, the target is the $0.28ā$0.30 area.
Dogecoin Price Analysis: Anticipating $0.42
Dogecoin surpassed the $0.25 resistance with a classic cup-and-handle formation, climbing 8.5% daily to reach $0.2727. Wallets holding between 100 million and 1 billion Doge acquired 1.08 billion DOGE since the start of the month. Bit Originās $500 million investment round also boosted confidence in the altcoin. As the TOTAL2 market cap broke an eight-year resistance, the altcoin rotation provided DOGE with additional momentum.
Indicators suggest the uptrend could continue as the Bollinger Bands widen and RSI remains at 85. The formationās measured target for DOGE is $0.3299. If the rally persists, testing $0.4274 could be possible. However, the impending unlock of $442 million in coins this week might exert pressure on the $0.20 support. A break in support may lead to an inevitable short-term correction.
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