FLUX Price Prediction: Will FLUX’s Price Conquer The 200-Day EMA?

• FLUX’s price is currently trading at $0.3969, with a gain of 1.80% in the last 24 hours.
• FLUX coin price trades above the 20, 50, and 100-day EMAs and contests for 200-day EMA.
• The year-to-date return of the FLUX token price is -14.71%.

After FLUX’s price broke the annual low of $0.301, it gained a solid bullish trend and formed a resistance level of $0.462. However, the bullish rally didn’t sustain, and the price dropped below $0.310 level. 

Recently, the cryptocurrency’s price formed support at $0.315 and then rose. The FLUX token price followed the uptrend momentum, constantly forming higher highs and lows. It has surged about 17.90% over the past month, which shows bullish dominance.

The FLUX’s price analysis shows that bulls have been continuously pushing the price upwards, which led to the formation of immediate resistance at the $0.400 level. However, if the FLUX coin price can break and close above $0.410. It could surge towards the previous resistance level of $0.436.

On the other hand, if bears take over and break below $0.354, the price might melt toward the $0.315 support level. In that case, it will drain all the efforts made by bulls in recent times. 

The live FLUX coin price today is $0.3969 while witnessing an increase of 1.80% in the last 24 hours. The current market capitalization of the FLUX coin is 136.44 Million, with a 24-hour trading volume of $11.05 Million. It has a circulating supply of 337.09 Million FLUC coins. 

Will FLUX Token Price Break The 200-Day EMA?

On the 1-day chart, the FLUX coin price has been trading above the 20, 50, and 100-day EMAs, which indicates an uptrend in the price. However, the price has gained bullish solid momentum but is currently continuing for the 200-day EMA.

The relative strength index (RSI) has been hovering above the 50-neutral zone since October 21, 2023. The RSI trades at 61.33, which indicates vigorous strength, and the price might enter the overbought zone. 

The Chaikin money flow (CMF) has been trending above the 0 mark since October 27 and stands at 0.25. It suggests a rise in the participation of buyers, and if the rally sustains, the price might retest the $0.435 resistance level.

Conclusion 

The market structure and price action of FLUX coin price have witnessed a bold, bullish rally since mid-October 2023. There is no bearish intervention observed as the price flow was constantly upwards. It triggered positive sentiment in the market, and the price spiked about 20.97% over the past month. 

The technical perimeters are suggesting a bright spot for short-term traders to look for buying opportunities. However, the FLUX token price is currently contesting for the 200-day EMA. 

Technical Levels 

Resistance Levels: $0.4620 and $0.4360

Support Levels: $0.3010 and $0.3150

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.