đ„ Is FLUX Heading for a Drop? Trouble on the Horizon for $FLUX đ
The $FLUX chart doesn't paint a pretty picture for the short-term outlook. After struggling to maintain momentum above $0.60, we've started to see a clear decline. The price is now hovering around $0.56, and with moving averages (SMA 9 and 25) trending downward, the setup looks weak. Sellers seem to be gaining control here. đŹ
The MACD indicator also adds to the negative sentiment, with the lines crossing into bearish territory and the histogram flipping red. This shows increasing downward pressure that might not let up soon. đ Even the volume, although slightly elevated, suggests more selling than buying interest. If $$FLUX ails to hold the $0.55 support level, a deeper correction could be coming, potentially dragging the price down to $0.50 or lower.
Itâs not all doom and gloom, thoughâFLUX has shown resilience in the past. But for now, caution is the name of the game. Buckle up, because the road ahead looks bumpy for FLUX in the near term. đ§
