Flux Token

Bearish price action on September 16 to September 22 resulted in Flux Token by 8%.

The analysis of last week’s price action shows that the Flux Token market is in the bearish phase since the price has been moving downward. The situation on the FLX market shows that the underlying asset is currently experiencing a period of low volatility. There has been a fall in the market capitalization of the asset during the period under review. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

The price action of Flux Token is in a stalemate due to low volatility during the observed period. Our data shows that the average volatility of FLX didn't exceed 0.16%, which is why its price remained constrained. The maximum volatility of the coin stood at 4.75% in the analyzed time frame. The weakest volatility level of 0.16% on the asset's market was registered on September 21. The low volatility of 0.16% means that the crypto coin is weak and incapable of any sizable price swings.

While the overall situation on the Flux Token market was bearish, the trading session on September 16 kicked off at the $0.05 price level. The price of FLX took a 1% down downswing at the open of the weekly trading period. On September 17 the coin market stayed neutral, with no changes in the price. The bears dominated the price action during the following trading period as the price drifted 5% to the downside, having established the low for the reviewed time frame at $0.043, while the high was recorded at $0.045. Over the next trading period (on September 19), FLX was moving down by 1% on the back of a congruous trading volume. On September 20, Flux Token finished the trading day with no changes to the flatlined market. The price action on September 21 saw the crypto coin moving along the following route: starting point at $0.04 and closing point at $0.04, while it also deviated to establish the high of the day at $0.044 and the low of the day at $0.042. Most trading activity on September 22 occurred in the space between $0.04 and $0.04; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.042, though the bulls had also staged the rally to the 24H high at $0.043. The price action on the asset's market during the period between September 16 and September 22 topped at $0.047, while the bottom of the price range was established at $0.042. Flux Token bounced 8% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.004.

As for the average trading volume in the time slot between September 16 and September 22, the Flux Token market registered the change from $374 052 to $358 766. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the FLX market had its volume ranging between $415 362 and $494 657. Percentage-wise, the trading volume of the asset changed by 13%, in comparison to the previous period, while its price experienced a 8% adjustment.

The past week saw the market capitalization of Flux Token making a shift from $3 311 964 on September 16 to $3 062 868 on September 22, the peak for the analyzed period. The percentage change in the total market capitalization of FLX amounted to 8%. When compared to the price fluctuations during the observed period of time, the 8% market capitalization movement was accompanied by a 8% change in the price of the coin. The comparison with the Flux Token market capitalization seen during the time period September 9 - September 15 that occurred before the observed one, which changed by 2%, from $3 450 747 to $3 387 654, allows us to get a clearer understanding of current market conditions.

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Article date: September 22 | September 16 - 22

Market reviews for similar coins for September 16 - 22