Conflux (CFX) price has seen a significant surge in the last 24 hours, rising by 10.59% following the unveiling of its roadmap for the next three to five years. The surge comes amidst increased trading activity, with CFX showing renewed investor interest and growing momentum.
Conflux Roadmap Sparks Investor Interest
The Conflux team recently revealed their new technology roadmap, outlining future developments aimed at transforming the blockchain space. The roadmap features advancements in scalability, privacy, and AI integration, all designed to make Conflux a leading Layer 1 blockchain platform.
While the details of the roadmap are vast, investors are particularly excited about innovations like the Proof of Useful Work (PoUW) and the integration of zero-knowledge proof technology, both of which are expected to enhance network performance and security.
These developments have drawn attention from developers and users looking for fast, secure, and cost-effective blockchain solutions. The roadmap highlights Conflux’s commitment to addressing current blockchain limitations while preparing for a more interconnected and efficient Web3 ecosystem.
Inverse Head and Shoulders Formation Indicates Bullish Potential
On the 1-day CFX price chart, there is a formation of an inverse head and shoulders pattern, which is typically considered a bullish reversal indicator. This pattern has been developing, with the right shoulder still in progress. The neckline, serving as resistance, is positioned around $0.18, a level that the price is currently testing.
