Can Bulls push FLUX price up to the $2 mark?

Flux Coin (FLUX) replicated its downtrend at the 20-day EMA mark and surged above $1. Subsequent buying momentum was noted, and the coin continued to fluctuate higher on the charts. Buyers are entering on every dip and the chart shows a rising channel.

As of press time, the price of Flux Coin (FLUX) is trading at $1.13 and is up 8.79% intraday, indicating strength on the chart. Monthly returns of 93.91% and annual returns of 79.92% are strong on the charts. The FLUX/BTC pair is 0.0000165 BTC and has a market capitalization of $387.52 million. Analysts are neutral and suggest that the FLUX coin price will continue its upward trend and could soon capture the $2 level.

Flux price action and volume analysis on daily charts

Flux Coin (FLUX) is showing a buying movement and has been on the rise since early 2024. The coin has achieved a range breakout over the past few weeks and investors are taking note, with heavy buying activity emerging. Trading volume continues to fluctuate, increasing 100.53% to $32.9 million in the last 24 hours. Additionally, the average trading volume was recorded at $38.01 million.

The coin has a circulating supply of 343.03 million, a total circulating supply of 440 million, and 828 active addresses.

Price Volatility and Weighted Sentiment Overview

Flux coin has seen a significant spike in price volatility and has seen some sharp swings this week. The volatility curve is close to 0.033. A rise of around 25% was recorded during the intraday season. However, weighted sentiment analysis indicates a bearish outlook and the curve is close to -0.019.

Flux social governance and development activities

The coin’s social dominance has meant a rapid surge, with it soaring more than 50% in the past few weeks, peaking at 0.059%. Additionally, fraud development activity continued to increase, increasing 1.90% to 33.25. The overall data suggests positive developments and a positive bullish outcome.

Flux Hints Bullish: Can Bulls Succeed in Breaking the $2 Level?

On the daily chart, the coin gained momentum and rose above the $1 mark. Moreover, the coin is showing an upward trend above a significant moving average. The coin has seen a surge of over 30% this week, similar to the dominance of the bulls.

The Relative Strength Index (RSI) curve remains in overbought territory and forms a positive crossover, suggesting bullish momentum. Likewise, the MACD indicator shows a bullish crossover and suggests an outstanding performance for the next session.

summary

Flux Coin (FLUX) witnessed a bullish wave and continued its upward trend, giving a glimpse of a golden crossover on the charts. Moreover, the coin has been on the rise for a long time and the bulls are planning to cross the $1.50 upside hurdle to stage a rally in the next session.

skill level

Support level: $1.00 and $0.90

Resistance Level: $1.40 and $1.60

disclaimer

The views and opinions expressed by the author or others mentioned in this article are for informational purposes only and do not constitute financial, investment or other advice.

Anurag has been the primary writer for The Coin Republic since 2021. He loves exercising his curious muscles and researching topics in depth. Although he covers various aspects of the cryptocurrency industry, he is quite passionate about Web3, NFTs, games and the metaverse, which he envisions as the future of the (digital) economy. A reader and writer at heart, he calls himself a “normal guitar player” and fun football player.