Flare (FLR) Signals Bullish Crossover with Price Aiming for 20% Increase
FLR Price Surge: FLR price reached an 8-month high of $0.028 on September 24, driven by the launch of FXRP, the first live product of its FAssets protocol, and has since settled at $0.026, marking a 30% increase from its monthly low.
Bullish Market Indicators: A bullish crossover on the daily chart, with the 20-day SMA crossing above the 50-day SMA, along with a significant rise in trading volume and open interest, suggests strong market momentum and potential for further gains, targeting $0.032.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for FLR
Technical Sentiment Analysis for Flare (FLR) As of , Flare (FLR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for FLR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, FLR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Flare (FLR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00633 | 0.00741 | 0.00857 | 0.00965 | 0.0108 | 0.0119 | 0.013 |
| Fibonacci | 0.00741 | 0.00827 | 0.0088 | 0.00965 | 0.0105 | 0.011 | 0.0119 |
About FLR
About the author
