Layer 2 · rank #1082

Fluent BLEND

BLEND cycle analysis · chart, confirmed lows and fundamentals

$0.0519+2.4% 1d-14.1% 7d-23.1% 30d

Red List held Falling mixed

81.5% below its 365-day high of $0.2800 (2026-04-24), +11.4% off the 365-day low. Snapshot 2026-10-21 UTC.

Last 18 months, log scale
0.04850.089810.16632026-042026-072026-10high 0.28low 0.0466
Where it stands

On the Red List.

Held on the Red List: it last met the Red List rules on 2026-10-20. Today it reads Amber List; a tier moves down only after five consecutive scans below its rules.

What changed

Since the previous scan.

Tier, recovering badge and Phoenix state are unchanged between these two observations.

Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.

Recorded timeline →

Where it sits in each cycle

a swing low confirms only when a later bar takes out the low bar's high

Monthly 2D

Last bars
2Dr 2Ug 1r 1g 2Dr
Confirmed low
$0.0506 · 2026-06-30
Position
4 of median ? (max ?)
Current low
$0.0466 · unconfirmed
Confirms above
$0.0697
Cycle-low confidence
—
Confirmed lows
1

Weekly 2D

Last bars
2Ug 1r 2Dr 3r 2Dg
Confirmed low
$0.0595 · 2026-09-20
Position
5 of median 3.0 (max 4)
Current low
$0.0466 · unconfirmed
Confirms above
$0.0527
Cycle-low confidence
—
Confirmed lows
5

Daily 2U

Last bars
2Dr 2Dr 2Dr 2Dg 2Ug
Confirmed low
$0.0466 · 2026-10-20 (daily)
Position
1 of median 5.0 (max 15)
Current low
$0.0466 · confirmed
Cycle-low confidence
53%
Confirmed lows
33
The full read, in sentences
  • Monthly: forming bar is a red 2-Down. Last confirmed swing low 0.0506 (Jun 2026). Current low 0.0466 is unconfirmed — it confirms above 0.0697.
  • Weekly: forming bar is a green 2-Down. Last confirmed swing low 0.0595 (Sep 2026), week 5 of a cycle that has typically run 3. Current low 0.0466 is unconfirmed — it confirms above 0.0527.
  • Daily: bar is a green 2-Up. Last confirmed swing low 0.0466 (2026-10-20), day 1 of a cycle that has typically run 5. Cycle-low confidence 53%.
  • Red List: 82% below the 2026-04-24 high; +11% off the 365-day low.
  • Gauges: -69% from the all-time high.

Has Fluent bottomed?

A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the BLEND snapshot records on 2026-10-21 UTC:

Monthly: the last confirmed swing low is $0.0506 from 2026-06-30. A newer candidate at $0.0466 is unconfirmed; its confirmation level is above $0.0697, provided the candidate low is not undercut first. The latest monthly bar is still forming.

Weekly: the last confirmed swing low is $0.0595 from 2026-09-20. A newer candidate at $0.0466 is unconfirmed; its confirmation level is above $0.0527, provided the candidate low is not undercut first. The latest weekly bar is still forming.

Daily: the last confirmed swing low is $0.0466 from 2026-10-20. The current candidate is marked confirmed.

How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.

How far is Fluent below its high?

The Coinbase price snapshot is 81.5% below its rolling 365-day high of $0.2800 from 2026-04-24. Separately, CoinGecko reports -79.4% relative to its all-time high of $0.2519 in the fundamentals snapshot pulled 2026-10-21.

Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.

The recorded history

scan observations, not exact transition times

First observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.

  1. Amber List → Red List
  2. First observed: Amber List

Fundamentals

CoinGecko + DefiLlama, pulled 2026-10-21 .xlsx
Health30 / 100 · Thin
Liquidity (24h volume / market cap)
can you get out
43.61 %15.0 / 15
Supply overhang (FDV / market cap)
unlocked supply waiting to sell
5.0 x0.0 / 15
Size (market-cap rank)
survivorship
1082 #0 / 15
Usage (price / annualized fees)
fees people actually pay to use it (DefiLlama)
27200.5 x0 / 20
TVL backing (market cap / TVL)
capital parked in it (DefiLlama)
1.38 x14.4 / 15
Fee momentum (30d vs prior 30d)
is usage growing into the recovery
-42.6 %0.7 / 10
Age on Coinbase
survived a cycle
0.5 yrs0.0 / 10

7 of 7 measurable; score renormalized over what was measurable.

Market cap
$13.7M
Fully diluted
$68.7M
24h volume
$6.0M
Circulating
200,000,000 of 1,000,000,000 max
All-time high
$0.2519 · 2026-04-29 (-79.4%)
TVL
$10.0M (chain)
Fees 30d
$41
Revenue 30d
—
Fees 1y
$1.3K
On Coinbase since
2026-04-24 (181 bars)
CoinGecko id
fluent-network

Continue your cycle research

How to read a crypto cycle chart · Calculation rules and sources