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Conflux jumps 17% to a 5-month high amid China's national blockchain network plans

Market News
11 Oct 2026
AMBCrypto
View Source
Bullish
Conflux jumps 17% to a 5-month high amid China's national blockchain network plans

Conflux (CFX) surged 17% to reach a five-month high of $0.064 after breaking out of a multi-month descending channel. The rally was driven by China's State Council and Communist Party announcing plans for a national blockchain network, highlighting Conflux's position as a compliant public blockchain in China. Trading volume and derivatives activity spiked sharply, indicating strong investor interest and aggressive buying. If demand continues, Conflux could push past $0.07, but a loss of momentum might see a drop toward $0.055.

Conflux's recent surge ties into the heightened interest seen on Pluang, where CFX trades at Rp1.241 as of Oct 11, 2026 23:21 WIB, marking a 16.85% increase in one day. The market cap stands at Rp6.65 trillion with a robust 24-hour trading volume of Rp3.89 trillion. Notably, Pluang order activity shows overwhelming buying interest at 99%, and the typical hold time for CFX investors is 41 days, indicating strong confidence among users.

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