Market Overview: Flux (FLUXUSDT) Daily Analysis

• Flux (FLUXUSDT) experienced a sharp 10.5% decline over 24 hours, hitting a low of $0.2032 amid high volatility.
• A bearish engulfing pattern emerged during the early ET hours, suggesting potential for further downside.
• RSI reached oversold territory near 28, but volume has diverged from price, signaling potential for consolidation or a false recovery.
• Volatility expanded sharply following a midday breakdown, with Bollinger Bands widening to reflect increased uncertainty.
• FLUXUSDT closed below both 50-period and 20-period moving averages on the 15-minute chart, confirming short-term bearish momentum.

Market Overview

Flux (FLUXUSDT) opened at $0.2149 on 2025-08-24 12:00 ET and closed at $0.2050 on 2025-08-25 12:00 ET, with a high of $0.2236 and a low of $0.2032. Total 24-hour volume reached 2.35M USDT, while turnover amounted to ~$498,500. The asset has shown pronounced bearish bias, with price failing to hold above key moving averages and forming bearish reversal patterns.

Structure & Formations

Price has formed a bearish engulfing pattern around the 03:00–04:00 ET timeframe, signaling a potential short-term reversal. A key support level appears to be forming near $0.2050–0.2055, coinciding with the 61.8% Fibonacci retracement level from the recent bullish swing. Resistance at $0.2137–0.2140 has held as a short-term ceiling for multiple attempts to rally.

Moving Averages

On the 15-minute chart, price has closed below both the 20 and 50-period SMAs, reinforcing bearish momentum. On the daily chart, it remains below the 50, 100, and 200-period moving averages, indicating a deeper structural bearish bias.

MACD & RSI

MACD has remained in negative territory for the majority of the 24-hour period, with a bearish crossover noted around 06:00 ET. RSI has reached oversold levels near 28, but without a corresponding volume spike or price reversal, this may indicate a deeper consolidation phase rather than a short-term bottom.

Bollinger Bands

Bollinger Bands have expanded significantly following a midday breakdown, with price currently sitting near the lower band at $0.2050–0.2060. This suggests increased volatility and a possible test of support in the near term.

Volume & Turnover

Volume spiked during the breakdown phase around 19:45–20:00 ET, confirming the bearish move. However, turnover has diverged from price in the last 4–5 hours, with volume declining even as price continues to fall—indicative of fading conviction among sellers.

Fibonacci Retracements

The key 61.8% retracement level of the recent bullish swing from $0.2032 to $0.2236 aligns with current price at ~$0.2055–0.2060. A break below this could open the door to testing the next major support level at ~$0.2000–0.2015.

Flux (FLUXUSDT) may continue to test support near $0.2050–0.2055 in the coming hours, with a risk of a break and retest to the downside. While RSI has reached oversold territory, the lack of volume divergence suggests a potential for consolidation or a false recovery. Investors should monitor for a break below $0.2032 and keep an eye on volume for signs of a meaningful shift in sentiment.