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 <p class="is-style-lead">The FLEX token has registered significant gains in the past 24 <a rel="noopener noreferrer nofollow" title="hours" href="https://thebittimes.com/tag/hours.html">hours</a> while data suggests the asset might be manipulated by large whales.&nbsp;</p>
 <p>FLEX is up by 360% in the past 24 <a rel="noopener noreferrer nofollow" title="hours" href="https://thebittimes.com/tag/hours.html">hours</a> and is trading at $2.26 at the time of writing. Following the recent rally, the asset’s market cap rose to $222 million. However, FLEX’s daily trading volume witnessed a 7% decline and is currently standing at around $81,000.</p>
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   <img decoding="async" width="1024" height="347" src="https://cdn.thebittimes.com/images/2023/11/27/e5d9498b136d5ad1124fd43db4afada7.webp" alt="FLEX soars 360% in 24 hours, sell signal has emerged - 1"> 
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   FLEX price, social volume, active withdrawals and active addresses – Nov. 27 | Source: Santiment
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 <p>Data shows that FLEX has been constantly moving between $2.25 and $0.45, with sudden movements, since it dropped from its all-time high (ATH) over the past four months of $8.16 set on Aug. 10.&nbsp;</p>
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 <p>According to data provided by the market intelligence platform Santiment, FLEX didn’t witness any withdrawals over the past two days. This could indicate the anticipation of a token swap on exchanges.</p>
 <p>Santiment data also shows that FLEX’s social volume recorded a 75% decline over the past 24 <a rel="noopener noreferrer nofollow" title="hours" href="https://thebittimes.com/tag/hours.html">hours</a>.</p>
 <p>Moreover, the asset’s price-daily active addresses (DAA) divergence shows a strong sell <a rel="noopener noreferrer nofollow" title="signal" href="https://thebittimes.com/tag/signal.html">signal</a>, currently standing at negative 160%, per Santiment. The price DAA divergence indicates that FLEX’s price movements could have been manipulated by big whales.</p>
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   FLEX price DAA divergence – Nov. 27 | Source: Santiment
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 <p>According to Santiment, the number of active FLEX addresses has been consistently declining since Nov. 19 — taking a deep dive from 205 active wallets to four addresses.&nbsp;</p>
 <p>When the price increases with the accumulation of big whales, sudden market movements are usually expected.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/flex-soars-360-in-24-hours-sell-signal-has-emerged-tbt71716.html">https://thebittimes.com/flex-soars-360-in-24-hours-sell-signal-has-emerged-tbt71716.html</a></p>

FLEX soars 360% in 24 hours, sell signal has emerged

TheBitTimes

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