Flux

<ul class="list-ic vertical">
 <li><span>1</span> <a>FLUX crypto directs a sharp fall over 40% in the last 30 trading sessions.</a></li>
 <li><span>2</span> <a>The token has reached the 200 day EMA support zone and signifies long unwinding.</a></li>
</ul>
<p>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.</p>
<p>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.</p>
<h2 class="wp-block-heading" id="strong-flux-crypto-near-200-day-ema-what-s-next-strong"><strong>FLUX Crypto Near 200 Day EMA, What’s Next?</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (FLUX), Volume (FLUX)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=zel&amp;pt=FLUX&amp;df=2024-01-02T00%3A00%3A00.000Z&amp;dt=2024-04-19T18%3A29%3A59.571Z&amp;sat=shchcfg_yw_yE9nX91y2&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Per the Santiment data, the Flux crypto showcases a severe reversal from the $1.700 mark and sharp distribution was noted. The <a href="https://www.thecoinrepublic.com/2024/04/19/entangle-price-prediction-is-ngl-anticipating-a-reversal-ahead/" target="_blank" rel="noopener noreferrer nofollow">price</a> 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.</p>
<h2 class="wp-block-heading" id="strong-price-volatility-weighted-sentiment-outlook-strong"><strong>Price Volatility &amp; Weighted Sentiment Outlook</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (FLUX), Weighted sentiment (Total) (FLUX)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=zel&amp;pt=FLUX&amp;df=2024-01-02T00%3A00%3A00.000Z&amp;dt=2024-04-19T18%3A29%3A59.571Z&amp;sat=shchcfg_yw_yE9nX91y2&amp;emcg=1&amp;emhwm=1&amp;wm=price_volatility_1d%3Bsentiment_volume_consumed_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>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.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-and-x-followers-overview-strong"><strong>Social Dominance and “X” Followers Overview</strong></h3> <iframe loading="lazy" title="Santiment Chart: Social Dominance (FLUX), Twitter Followers 7d (FLUX)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=zel&amp;pt=FLUX&amp;df=2024-01-02T00%3A00%3A00.000Z&amp;dt=2024-04-19T18%3A29%3A59.571Z&amp;sat=shchcfg_yw_yE9nX91y2&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Btwitter_followers_7d&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>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.</p>
<h4 class="wp-block-heading"><strong>Development Activity and Holders Data Insights</strong></h4> <iframe loading="lazy" title="Santiment Chart: Development Activity (FLUX), Total Amount Of Holders (FLUX)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=zel&amp;pt=FLUX&amp;df=2024-01-02T00%3A00%3A00.000Z&amp;dt=2024-04-19T18%3A29%3A59.571Z&amp;sat=shchcfg_yw_yE9nX91y2&amp;emcg=1&amp;emhwm=1&amp;wm=dev_activity%3Bholders_distribution_total&amp;wax=0%3B1&amp;wc=%238358FF%3B%23FF5B5B&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p>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.</p>
<p>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.&nbsp;</p>
<p>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.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>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.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.9100 and $0.9000</p>
<p><strong>Resistance Levels:</strong> $1 and $1.20</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>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.&nbsp;</p>

FLUX Crypto Shows Distribution: Can Buyers Retain $1 Mark?

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Thecoinrepublic.com

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