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- 1 FLUX crypto directs a sharp fall over 40% in the last 30 trading sessions.
- 2 The token has reached the 200 day EMA support zone and signifies long unwinding.
The Flux crypto replicates a major setback and sharp profit booking was seen in the past week. Moreover, the Flux crypto price reflects a trend reversal amid a sharp rejection from the supply zone of $1.700. Over the past few weeks, the token has persisted in stretching the drop, reflecting underperformance on the charts. The trend is weak and favors the bear cartel, directing the downtrend.
At press time, the Flux token (FLUX) price traded at $0.9246 with an intraday gain of 4.49%, reflecting neutrality on the charts. It has a monthly return ratio of -30.22% and 46.30% on a yearly basis. The pair of FLUX/BTC is at 0.0000142 BTC, and the market cap is $318.98 Million. Analysts are neutral and suggest that the Flux token may face range bound move and will retest the $1 mark ahead.
FLUX Crypto Near 200 Day EMA, What’s Next?
Per the Santiment data, the Flux crypto showcases a severe reversal from the $1.700 mark and sharp distribution was noted. The price action signifies short buildup and the token displays follow-on selloff in the past few sessions. Moreover, the token has retested the 200 day EMA mark. However, the token has settled the gains and is looking for a pullback. The intraday trading volume dropped over 30.29% to $12 Million.
Price Volatility & Weighted Sentiment Outlook
The price volatility curve noted a spike over 2.90% in the intraday session and reached 0.019 mark. However, the weighted sentiment looks neutral and stayed near the midline around -0.57.
Social Dominance and “X” Followers Overview
Social dominance data dropped below the midline, noting a decline of over 15.40% to 0.017%. Conversely, the X follower’s data reflected a bounce and surged over 83.20% to 2337 mark, highlighting a positive outlook.
Development Activity and Holders Data Insights
The development data witnessed a significant decline of over 4.67% and dragged below the midline around 25.76, showing a negative outlook. However, the total amount of holders noted a follow-on surge and reached the upside of 9765.
Per the Fib levels, the Flux price has slipped to the 38.2% zone and slipped below the round mark of $1 and retested the lower bollinger band. Similarly, the RSI curve stayed in the oversold region, and a positive crossover was noted on the charts.
The total supply of the Flux token is 440 Million, whereas the volume-to-market cap ratio is 0.0377, and it is ranked 194 in terms of market cap in the global crypto market.
Summary
The Flux crypto showcases sharp profit booking and reached the downside below the $1 mark, directing seller dominance. Moreover, the token has dragged to the 200 day EMA mark and buyers are looked trapped and stayed on the backfoot.
Technical Levels
Support Levels: $0.9100 and $0.9000
Resistance Levels: $1 and $1.20
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
