🚀🚀🚀 #FLUX rallies 22% in last 24 hours, analysts eye further gains

Flux (FLUX) Soars 22% in 24 Hours, Emerging as a Top Trend in the U.S.

Flux (FLUX), the native token of the Flux ecosystem, has experienced a dramatic 22% surge in the last 24 hours, making it one of the hottest #Cryptocurrencies in the U.S. market.

As of the latest update, FLUX is trading at $0.57, reflecting a 20% increase. The token’s daily trading volume is approximately $91 million, & its market capitalization is $201 million. Despite this notable price jump, FLUX remains 82% below its all-time high of $3.33, which it reached in January 2022.

Flux operates as a proof-of-work cryptocurrency & powers the Flux ecosystem, which supports the development & deployment of decentralized web3 applications. Within this ecosystem, FLUX is used for transactions, staking, & rewarding Masternode operators.

Currently, FLUX is trading at $0.5748, positioned between the middle Bollinger Band at $0.5070 & the upper Bollinger Band at $0.5933. This suggests that FLUX is nearing the upper range of its recent price movements, reflecting a bullish sentiment, though it has not yet reached the resistance level set by the upper Bollinger Band.

The Relative Strength Index (RSI) for FLUX is at 54.92, indicating a neutral market condition. While there is upward momentum, the RSI suggests that FLUX is not yet overbought, allowing for potential further movement in either direction without immediate market extremes.

Steady trading volume & price nearing the upper Bollinger Band suggest market consolidation & potential upcoming movement.

Analyst Javon Marks recently highlighted that FLUX could be set for a significant rally, with an ambitious target of $3.0397. This projection suggests a potential increase of over 345% from its current level, indicating that the path to reclaiming previous highs might be forming.

For those following the cryptocurrency space, Flux’s recent performance & technical indicators make it an intriguing asset to watch for potential opportunities.

Source - crypto.news