Conflux (CFX) Soars as “TreeGraph 3.0” Upgrade Sparks $7.4 Million Short Squeeze

• Conflux (CFX) has surged over 52% in 24 hours after announcing its new “TreeGraph 3.0” upgrade
• The rally was intensified by a massive short squeeze that liquidated $7.4 million in bearish bets
• While momentum is strong, the RSI has reached an extremely overbought level of 90, signaling caution.

Conflux Network’s token $CFX, sometimes referred to as the “Chinese Ethereum,” rose over 45% to $0.2138 after TreeGraph 3.0 was introduced at a conference in Shanghai. The upgrade includes a target of 15,000 TPS, AI agent integration, EVM compatibility, and reduced transaction confirmation times. Conflux then witnessed an explosive price rally in the past 24 hours, gaining 52.92% and reaching a high of $0.247 before retreating slightly to $0.2178.

The surge followed a sharp breakout from the $0.1425 level, sparking intense market activity and heavy liquidations. CFX showed strong upward momentum after bouncing from the $0.1425 support, climbing steadily to test the $0.247 resistance. However, after hitting that level, the token consolidated between $0.21 and $0.22.

A 577% volume surge signals intense activity

This range now acts as a temporary resting zone as …

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