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Top 3 altcoins make a spectacular breakthrough amid market fluctuations
Conflux (CFX) made a remarkable breakthrough on Sunday, surging over 100% in just 24 hours – far exceeding the overall market recovery. Notably, this increase occurred right before the announcement of 'Conflux 3.0' – a significant milestone expected to usher in a completely new phase of development for the entire network.
Dogecoin (DOGE) and Ethena (ENA) also recorded impressive gains during the day, both surpassing the double-digit mark. These two coins rank second and third respectively on the list of the strongest growing assets in the past 24 hours.
Conflux increases three digits, expecting to continue breaking through
As of the time of writing on Monday, CFX continued to rise slightly by 1%, extending the impressive 107% increase recorded on Sunday. This strong breakout is likely driven by the presentation of Dr. Guang Yang — the Chief Technology Officer of Conflux — on the architecture of "Conflux 3.0" at the Conflux Technology & Ecosystem Conference held on Saturday.
The upward movement has helped CFX surpass the 50% Fibonacci retracement level at $0.1847, drawn from the peak of $0.5500 on ( March 24, 2024 to the bottom of $0.0620 on ) April 17, 2025. Currently, the bulls are aiming to close the daily candle above the Fibonacci 61.8% level at $0.2390 — an important resistance level that could open up growth potential to the 78.6% level at $0.3448 if decisively conquered.
However, the RSI index on the daily frame has surged to 93, indicating that buying pressure is at an extreme level and the market may have entered an overbought state. In the event that it cannot hold above the threshold of $0.2390, CFX may face a correction, returning to test the support area at the 50% Fibonacci level — that is $0.1847.
Ethena regains an important level
As of the time of writing on Monday, Ethena (ENA) continues to record a slight increase of more than 2%, marking a series of 7 consecutive gains on the daily chart — a promising technical signal. The upward momentum is currently targeting the $0.5446 mark, corresponding to the low established on February 2, as ENA has just reclaimed the important psychological threshold of $0.50 for the first time since February 19.
If today's session ends at this level, the upward trend may be consolidated and continue to extend to the $0.6576 area, equivalent to the closing level on January 28.
However, the RSI is currently at 82, deep in the overbought zone and showing signs of going sideways — a warning for investors on the sidelines that the possibility of a sudden correction is entirely possible.
On the contrary, if ENA reverses and drops below the $0.4614 threshold, the scenario of testing the 200-day EMA at $0.4120 may be triggered.
Dogecoin is at a crossroads as the RSI indicates an overbought zone
Dogecoin (DOGE) has adjusted nearly 2% on Monday, ending a streak of six consecutive gaining sessions. Previously, a strong surge of 13% on Sunday helped this coin surpass a crucial resistance level at $0.2597, opening up the opportunity towards the nearest peak at $0.2867 – established on February 14.
If DOGE can close the daily candle above this level decisively, the upward momentum is likely to be strengthened, with the next target being the price area of $0.3143 – a resistance level that was tested on January 21.
However, in the opposite scenario, if the price reverses and drops below $0.2597, DOGE may face pressure to retest the support area at $0.2145 – corresponding to the closing level on May 17.
SN_Nour