This technical analysis of FLUX, a decentralized data-driven platform, will delve into the current price action, trading volume, key levels, and indicators for the FLUX-USDT pair. By harnessing blockchain technology, FLUX provides secure, transparent, and tamper-proof data management solutions for various industries, enabling the creation and exchange of unique, high-quality data sets. With its innovative approach to data monetization, FLUX is poised to revolutionize the way data is created, shared, and utilized in the digital economy.
Datamine FLUX Price Overview:
As of July 10, 2024, Datamine FLUX is trading at approximately 0.5628 USDT. Let’s dive into the detailed price action for FLUX-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.5551 |
| High (H) | 0.5767 |
| Low (L) | 0.5458 |
| Close (C) | 0.5628 |
| Volume (C) | 949,861.08 |
- Open (O): The opening price for today’s trading session was approximately 0.5551 USDT.
- High (H): Datamine FLUX reached a daily high of around 0.5767 USDT.
- Low (L): The daily low for FLUX-USDT was approximately 0.5458 USDT.
- Close (C): At the time of analysis, Datamine FLUX is trading near its daily close of 0.5628 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.48% |
| 3D Change (%) | 5.89% |
| 7D Change (%) | -10.50% |
| 30D Change (%) | -36.98% |
| 90D Change (%) | -47.95% |
| YTD Change (%) | -9.87% |
Over the past three days, FLUXUSDT has experienced a significant increase of approximately 5.89%, indicating heightened market volatility. In contrast, its performance over the last week has been marked by a decline of around -10.50%, suggesting a decrease in investor interest. A 30-day analysis provides a more comprehensive view, revealing a downward trend of approximately -36.98%. Looking further back, FLUXUSDT has witnessed a substantial fall of around -47.95% over the past 90 days, reflecting a loss of long-term confidence. Year-to-date, FLUXUSDT has steadily declined by approximately -9.87%.
Datamine FLUX Live Chart:
You can access a live price chart for FLUX-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.78455.
- Momentum score is -0.10582.
FLUX USDT Technical Analysis
Datamine FLUX Trading Volume:
The trading volume for Datamine FLUX (FLUX) over the past 24 hours has been insignificant, with approximately 949,861.08 USDT traded against FLUX. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): FLUX is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Datamine FLUX is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for FLUX-USDT is currently in the low zone, around 38.73377. This suggests that Datamine FLUX is in bearish territory.
Analysis from TradingView:
Our Key Takeaways: Datamine FLUX (FLUX-USDT) is currently experiencing short-term bearish momentum, with key support and resistance levels drawing attention from traders and investors. It’s crucial to closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Furthermore, the low RSI and insignificant trading volume are indicative of a potential downward trend.
Assess Datamine FLUX’s (FLUXUSDT) risks at 5.45e-01 USDT with bearish technical analysis, highlighting weakened support and cautionary indicators.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.