Latest Flux (FLUX) Price Analysis

Deep Dive

1. Broader Market Weakness (Bearish Impact)

Overview: The total crypto market cap dropped 2.4% in 24h (CoinMarketCap), with Bitcoin dominance rising to 59.14%. Fear & Greed Index dipped to 45 (Neutral) from 49 yesterday.
What this means: FLUX, as a mid-cap altcoin, faced amplified selling pressure during this risk-off shift. Historically, altcoins like FLUX show higher beta (sensitivity) to market swings than Bitcoin.

2. Technical Profit-Taking (Bearish Impact)

Overview: FLUX’s RSI (14-day) at 57.25 is neutral, down from 62.84 last week. Price remains above its 30-day SMA ($0.10695) but below the 7-day SMA ($0.11169).
What this means: After a 5.44% weekly gain, traders likely locked in profits. Neutral RSI suggests room for further consolidation before becoming oversold. Watch the $0.106 support (30-day SMA) for stability signals.

3. Reduced Market Depth (Bearish Impact)

Overview: FLUX’s 24h volume fell 5.76% to $9.73M, with turnover (volume/market cap) at 0.221 – indicating moderate liquidity.
What this means: Lower volume reduces price stability, allowing larger moves per trade. This magnified the sell-off as fewer buyers absorbed selling pressure.

Conclusion

FLUX's drop reflects market-wide headwinds and technical recalibration after recent gains, not project-specific weaknesses. The coin's 30-day uptrend (+4.30%) remains intact above $0.106 support.
Key watch: Will Bitcoin stability and FLUX’s RSI holding above 50 signal a rebound? Monitor volume spikes for conviction.