- The Flux token has medium liquidity based on its market cap.
- The crypto’s price is down by 61% from its all-time high price.
Flux (FLUX) is a digital cryptocurrency token operating on its native blockchain, serving as a medium of exchange, staking asset, and reward mechanism within the broader Flux platform. The platform offers decentralized computational services such as hosting and storage, aiming to distribute tasks across its network for robust, decentralized cloud computing.
The market cap of the Flux token has declined by 3.5%, following which the trading volume has also witnessed a decline of 40.65%. Furthermore, the current market cap value of the token is $442.775M.
Also, the value of the traded volume for the crypto in the last 24 hours is $20.16M, and the volume/market cap ratio of the crypto is 4.58%. The volatility of the crypto is 13.31%, which is very high.
The sentiment of the Flux token is also bullish. The fear and greed index indicates extreme greed. The supply inflation of the crypto is also high, resulting in 17.21%.
The all-time high price of $4.17 for the Flux crypto was achieved on December 10, 2021. Since then, the token’s price has declined by 69%, and the all-time low price for the token has been recorded at $0.01698. The all-time low price for FLUX was hit on November 17, 2020, about 3 years ago.
Flux Token Supply Overview
The circulating supply of the FLUX token is 344.328M FLUX, and the total supply and the maximum supply of the crypto are the same. This further results in a maximum supply of 440.0M FLUX. Also, the fully diluted market cap of the crypto is $562.35M.
Moreover, the circulating supply market cap of the token is $440.473M, and it has 9.4K holders.
Social Dominance Vs Twitter Followers Vs Development Activity
The social presence of the token seems to be declining as the social dominance of the crypto has declined to certain lows, followed by the decline in its Twitter followers. The development activity for the token is also declining on the Santiment chart.
FLUX Crypto Technical Analysis
The FLUX token price surged by 400% from swing lows but is failing to sustain the crucial resistance. Despite this, the token price trend is bullish as the current price of the crypto is sustaining above 50% of the total move.
Crucial support at the level of $0.94500 is situated. If the crypto price sustains above the same, a further surge might be possible.
FLUX/USD Chart by TradingView.com
The technical indicators exhibit positive behavior as the price has advanced above the 50-day and 200-day EMAs, which are trading in a golden crossover.
The MACD indicator indicates a retracement in the price as the metrics are declining from the higher level but are trading above the zero level.
The RSI also trades above the 50 level and follows a bullish cycle, followed by the RSI trading at 52.41 on the daily chart. The RSI currently declined below the 14-day SMA. If it again rebounds and breaks above the same, a further surge in the price might be witnessed.
Summary
Flux (FLUX) exhibits bullish potential despite recent declines in price and social presence. With a solid technical outlook and positive indicators, including sustaining above crucial support levels and trading above key EMAs, FLUX may see further surges if it maintains its bullish trend and rebounds from current levels.
Technical Levels:
- Support levels: $0.30460 and $0.94500
- Resistance levels: $2.110 and $3.100
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.