Conflux (CFX) surged 17% to reach a five-month high of $0.064, breaking out of a multi-month descending channel. The rally was fueled by China’s State Council and Communist Party calling for a national blockchain network as part of the country’s economic strategy. Trading volume exploded 1,071% to $157 million, while derivatives volume jumped 2,007% to $449 million and open interest climbed 44% to $44 million, reflecting massive capital inflows. With the RSI at 68 and a bullish crossover, the token could extend toward $0.07, though a pullback toward $0.055 remains possible if speculation fades.
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