- The trading volume for the Flux crypto is advancing over the last few days.
- FLUX trading price has advanced by 5099% from its all-time low price.
Flux is a digital token operating on its blockchain, facilitating transactions, staking, and rewards within the Flux ecosystem. Beyond the token, Flux comprises a decentralized computational network providing hosting and storage services.
FLUX tokens are used for transactions, staking for network support, and rewarding contributors to the platform’s decentralized cloud computing infrastructure.
The crypto volatility is high, resulting in 12.33%, followed by a bullish sentiment. Currently, the FLUX has a market cap of $302.85 Million, which has declined by 5.7% in the last 24 hours, and it also has a market cap dominance of 0.01%.
The supply inflation of the crypto is also high, resulting in 17.15%, which further results in a circulating supply of 345.94 Million FLUX. This is 78.62% of the maximum supply. Also, the maximum supply of the crypto is 440.0 Million FLUX.
The on-chain market cap of the crypto is $223.06K, and the token has 848 holders, as per etherscan.io. The market cap ranking of the Flux crypto is #196 as per CoinMarketCap, and the fully diluted market cap of the crypto is $385.401 Million.
The value of the traded for the crypto over the last 24 hours has witnessed an advance of 17.7%, which further results in a traded value of $6.358 Million
The crypto’s volume/market cap ratio is 1.99%, which is very low and shows low liquidity in crypto. Also, the all-time high price for the Flux is $4.17, recorded on December 10, 2021. Since then, the price of crypto has declined by 78.8%.
FLUX Crypto Technical Analysis
From a swing high of $1.790, the price of the FLUX crypto has declined by 50% and is following a strong downtrend. Furthermore, the formation of lower highs and lower lows on the daily crypto chart might be seen.
A robust dynamic support trendline is situated at the lower levels on the daily chart. The price has bounced back multiple times from the dynamic support line and might again give a pullback if it further declines to lower levels.
If the sellers remain dominant, a breakdown below the trendline is likely. This will lead the price of the crypto to further lower levels.
FLUX/USD Chart by TradingView
The FLUX crypto is trading in a strong downtrend as its price has declined below the 20-day and the 50-day EMA on the daily chart. The bearish crossover of the following EMAs further follows this. The price of the crypto further is moving towards the 200-day EMA.
On the daily chart, the MACD indicators are currently below the median level, with both the MACD line and the signal line in negative territory. Additionally, bullish histograms are diminishing, indicating weakening momentum in the market.
The RSI further declines from the oversold zones, indicating a weak momentum in the crypto trading price. The RSI is trading at 37.68 and has broken below the 14-day SMA on the daily chart.
Summary
The FLUX crypto faces downward pressure with high volatility and a strong downtrend. Despite recent trading volume increases and a significant price rise from its all-time low, FLUX’s market cap has declined. Technical analysis suggests continued downward movement, with MACD indicators and RSI signaling weakening momentum and bearish sentiment.
Technical Levels:
- Support Levels: $0.310 and $0.5580
- Resistance Levels: $1.0580 and $1.6890
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.