$CFX: my green zones are back. Time to refill our bags.LSE:CFX delivered an impressive bounce during this mini-altseason, confirming it’s a project worth keeping on the radar for the upcoming full altseason.
However, its non-US listing status could limit its performance if BlackRock launches altcoin index ETFs — as it’s unlikely Conflux would be included, meaning it wouldn’t directly benefit from institutional inflows.
That said, LSE:CFX remains a strong, China-based blockchain project, and if the Chinese government takes significant steps toward crypto adoption, this coin has the potential to skyrocket.
--------------------------------
The altcoin market just saw a solid pump, following the massive CRYPTOCAP:BTC and CRYPTOCAP:ETH institutional billion-dollar purchases.
On the Daily timeframe, we’re actually printing higher lows, showing clear market strength. The top of the range was rejected, and now it’s highly probable that the crypto market will enter a consolidation phase — a move that could push several altcoins into my buying zones.
💡 Reminder: My buying zones are areas where it’s statistically safer to buy and hold, with an almost guaranteed chance of making a solid profit on the next bounce.
What could spark the infamous Altseason?
Many altcoins share one thing in common: a major resistance line (marked in yellow). For them to pump to the moon, this line needs to be broken.
We’re also seeing a price compression — meaning the breakout could be imminent. This pullback might be your last chance to enter a long position before the real Altseason kicks off.
Possible Altseason catalysts:
📉 FED Interest Rate Cut of 1% or more.
📈 Institutional adoption through altcoin index ETFs — imagine BlackRock launching ALT10, ALT50, ALT100 ETFs, attracting massive institutional money into the altcoin market.
I believe both events could happen before the end of the year.
DYOR — but the window might be closing fast. 🚀
