FxWirePro-  CFXUSD surges sharply as WSPN announces partnership with Conflux, good to buy on dips

Conflux enables creators, communities, and markets to connect across borders and protocols.

It uses is a hybrid consensus mechanism that combines PoW and PoS. PoW miners produce blocks and sort them using the Tree-Graph algorithm, achieving high throughput and scalability.

Features

Transactions per second 3000-6000

Block time- 0.50 seconds

Recent news-

WSPN

@WSPNpayment

We're thrilled to announce our strategic partnership with the Conflux network. Together we will be working on:

Expanding the WUSD multi-chain ecosystem globally

Launching CFX/WUSD trading pair for enhanced liquidity

Creating more on-chain use cases for WUSD

CFTUSD has showed a minor sell-off after a pullback.

Any daily close above $0.50 confirms further bullishness.

CFTUSD gained more than 60% in this month.` The pair holds well above the short-term (34 and 55 EMA) and below the long-term moving average. It hit a high of $0.19250 and is currently trading around $0.1886.

The bullish invalidation can happen if the pair closes below $0.10. On the lower side, the near-term support is $0.150. Any break below targets $0.120/$0.10. significant downtrend if it breaks $0.10.

The immediate resistance stands at around $0.20. Any breach above confirms bullish continuation. A jump to $0.25/$0.40/$0.50  is possible. A surge past $0.50 will take it to $0.75.

It is good to buy on dips around $0.1500 with SL around $0.10 for TP of $0.50.