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- 1 FLUX price is in the bullish momentum trading above the key moving averages.
- 2 The crypto gave a return of more than 66% in a month showing buyers’ presence.
Flux is a digital currency that fuels an entire ecosystem aimed at enabling the creation and usage of a decentralized web, known as Web3.
It serves multiple purposes, such as acquiring resources, securing network nodes, and powering the operations on FluxOS. Additionally, it incentivizes miners and node operators with rewards for their contribution of computational power.
The Flux ecosystem is committed to facilitating the development, deployment, and utilization of Web3 by all. Currently, the ecosystem encompasses the following components: the $FLUX cryptocurrency which can be mined through Proof of Work (POW), the decentralized computational network known as FluxNodes.
The FluxOS which is a Linux-based operating system, Zelcore is a leading digital asset platform, and the Flux blockchain itself, which is responsible for governance, economic models, and providing parallel assets that ensure interoperability with various blockchains and access to decentralized finance (DeFi) platforms.
Technical Analysis of FLUX Crypto
The coin price is moving above the 50-day and 200-day exponential moving averages. That reflects the bullish sentiments in the current trading session. Earlier, both the EMAs had a golden crossover indicating a solid uptrend.
Presently, the FLUXUSD price is trading at $0.43 with an intraday rise of 2.11%. The 24-hour volume to market cap is 1.19%. The pair of FLUX/USD are recovering and forming a similar pattern indicating buyers are active.
FLUX price prediction is bullish for the short term as well as for the long term. It suggests that the buyers are active and returning back to track.
FLUX price performed well in the last few trading sessions and managed to sustain above the 50 and 200-Day EMA. It showcases that the positional trend has reversed in the upward direction.
FLUX Crypto Price vs Volume Analysis
The volume and price graph displayed that the trading volume has decreased from $115 Million to $24.74 Million in the last few days and the price has also declined. However, the price bounced back again. The price is expected to grow in the long term.
FLUX Crypto Social Dominance vs Social Volume Analysis
The data indicates that social media engagement on platforms such as X, Instagram, and Telegram has decreased, leading to a negative impact on the price. The future momentum of FLUX crypto price may be influenced by social dominance and social volume.
Summary
FLUX price prediction is bullish for the long term and suggests the bullish momentum might continue. The crypto price is inside the bulls’ grip, so the probability of reaching new higher levels remains high.
Technical Levels
Support Levels: $1.08.
Resistance Levels: $1.78.
Disclaimer
It’s important to note that the views and opinions presented in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading stocks carries inherent risks, and readers should conduct their research before making any financial decisions.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
