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Will FLUX’s Breakout Retest Signal a Massive Bullish Rally Ahead?
FLUX has escaped from a descending wedge structure and is now testing support, leading to a potential explosive upside continuation.
The 9 and 21 EMA crossover and bullish MACD momentum support a sustained uptrend while the bulls defend the breakout zone.
A successful retest above $0.27 keeps FLUX on track for $0.38, $0.44, and potentially a breakout toward the $0.52 target
FLUX has confirmed a powerful bullish breakout from a descending broadening wedge pattern on the daily chart. The asset is now retesting the breakout zone, a critical moment that could determine whether a major rally ignites
Descending Wedge Breakout Confirms Bullish Momentum
FLUX/USDT has emerged from a textbook Descending Broadening Wedge pattern — a structure often tied to bullish reversals. This pattern forms when volatility expands, with lower highs and lower lows diverging between two trendlines. Recently, FLUX broke above the wedge's upper boundary, signaling the first major bullish move.
Besides that, the price is now retesting the breakout area around $0.25–$0.27. This step is vital. If the price holds above this former resistance turned support, it will strengthen market conviction. Moreover, a bullish daily candle above this zone would affirm the breakout’s legitimacy.
A confirmed bounce could fuel a significant rally. The projected upside target rests near $0.52 — a 141% gain from the breakout zone. Meanwhile, intermediate resistance may emerge at $0.38 and $0.44, but the broader structure favors continued upside movement.
EMAs and MACD Strengthen the Bullish Case
In addition to the wedge breakout, the momentum indicators also confirm the bulls as well. The 9 EMA crossed over the 21 EMA, providing evidence of trend reversal potential. When the EMA crossover occurs with other bullish indicators the crossover can confirm the beginning of a longer lasting uptrend.
SOURCE: Tradingview
The MACD has turned positive. The MACD line in turn is above the signal line, and the histogram becomes green. This confirms growing bullish strength. As long as the price holds above both EMAs, FLUX retains upward momentum.
As of this writing, FLUX traded at $0.2715, up 1.97% on the daily and 15.43% on the weekly. Buyers are coming in with increasingly improving volume, and the EMAs now act as dynamic support.
Moreover, the following short-term resistance appears to be within the price range of between 0.30 and 0.32. In case of breaking through this barrier zone, bulls will probably gain further.
Conclusion
FLUX stands at a critical juncture. A successful retest above $0.27 could lead to a sharp bullish expansion. All key indicators now point to a reversal in favor of the bulls. Traders should watch this zone closely, as it may signal the beginning of a major trend shift.
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