Flux Market Overview (2025-07-22)

• Flux declined by 19.8% over 24 hours, with oversold RSI and falling volume suggesting potential short-term bounce.
• Key support appears near 0.264–0.266, with a bearish breakdown below 0.270.
• Bollinger Bands show moderate volatility, with price lingering near the lower band.
• A 15-minute bearish engulfing pattern formed at 0.2792–0.2764, confirming downward momentum.
• High turnover spiked at 0.2713–0.2664, indicating accumulation or profit-taking.

Flux (FLUXUSDT) opened at 0.2795 (12:00 ET–1) and traded down to 0.2635 before closing at 0.2699 (12:00 ET). The 24-hour low of 0.2635 marked a sharp correction. Total volume reached 3.26 million FLUX, with notional turnover of $845,782.

Structure & Formations

Price action over the 24-hour period formed a bearish continuation pattern, with key resistance at 0.279–0.281 and support at 0.270–0.266. A 15-minute bearish engulfing pattern formed on 2025-07-21 16:30 UTC, signaling short-term bearish bias. A potential triple bottom structure formed near 0.266–0.268, hinting at possible consolidation.

Moving Averages

On the 15-minute chart, the 20-period MA (0.274–0.276) and 50-period MA (0.276–0.278) crossed bearishly, reinforcing downward momentum. The 50-period daily MA sits at 0.279, with price now firmly below, indicating bearish alignment across timeframes.

MACD & RSI

The MACD line turned negative and crossed below the signal line, with bearish divergence in the histogram. The RSI dropped to 28–30, entering oversold territory, suggesting possible short-term bounce. However, the RSI remains below 50, maintaining a bearish bias.

Bollinger Bands

Volatility remained moderate, with Bollinger Bands expanding slightly after a period of contraction. Price lingered near the lower band (0.266–0.268), suggesting oversold conditions but no strong reversal signal.

Volume & Turnover

Volume spiked during the 0.2713–0.2664 decline, indicating accumulation or profit-taking by larger players. Notional turnover increased significantly during this period, aligning with the price move. Divergence between volume and price was minimal, supporting the bearish narrative.

Fibonacci Retracements

A 61.8% Fibonacci retracement level on the recent 15-minute move aligns with 0.270–0.272, a key area of potential consolidation or reversal. On the daily chart, the 50% retracement level of the broader downtrend is at 0.275, a potential near-term resistance.

Flux may find temporary support near 0.266–0.268, with a potential bounce into 0.270–0.272. However, a break below 0.266 could accelerate the downtrend. Investors should monitor volume and RSI divergence for signs of a potential reversal, while managing risk in a volatile market.