Will FLR Attains Breakout Above $0.02400?

The Flare (FLR) crypto recites an uptrend and has prevailed in delivering higher high swings for the past sessions. Moreover, the price action indicates the buyers’ accumulation and suggests that the rally might extend toward $0.2800 in the upcoming sessions. Despite the market volatility, the FLR crypto price maintains the gains and is kept in bullish territory, which conveys buyers’ dominance.

The FLR price is trading above the significant moving averages, highlighting the bullishness on the charts. The trend is intact, and buyers have persisted in adding long positions. However, the FLR price signifies a range-bound move this week and is waiting for a spike above $0.02400 to skyrocket the gains.

The price of the cryptocurrency was $0.02321 at press time, with an intraday gain of 0.81%, showing bullishness. Moreover, the trading volume increased by 72.10% to $16.13 million, highlighting investor interest. The pair of FLR/BTC was noted at 0.000000546 BTC, and the market cap is $754.49 Million. Analysts are bullish and suggest that the FLR price will continue to extend the up move and may catch $0.03000 soon.

The FLR Price on Daily Charts Reveals Bullishness

On the daily charts, the FLR crypto forms a rising wedge pattern and spreads the gains for the past sessions. However, the bulls take a rest and investors eagerly await a further up move to strike the immediate hurdle of $0.02500. Per the Fib levels, the FLR price has ceased its ride near the 61.8% zone and is waiting for a breakout to cross the region.

The RSI curve stayed in the overbought zone near 70, showing a positive crossover and signaling buyers’ accumulation. Moreover, the MACD indicator shows a bullish crossover and the green bars formed on the histogram suggest that the outperformance may carry forward in the following sessions.

FLR On Weekly Charts Exhibits Sharp Reversal from Lows

On the weekly charts, the FLR crypto acquired a sharp reversal from the lows of $0.0800, and a morning star candlestick, known for reversal, was noted. Afterward, buyers raised the gains and retrieved over 170% in the last sessions. Additionally, the FLR price has decisively surpassed the 50-day EMA hurdle and is ready to extend the bullish move beyond $0.02500 in the following sessions.

Summary

Flare (FLR) crypto price offers an uptrend and has formed higher high swings amid the market volatility. Moreover, the trend is intact, and investors are closely eyeing an up move above $0.02500 to make fresh long positions. If FLR escapes the aforementioned mark, it may reach $0.003000 in the upcoming sessions.

Technical Levels

Support Levels: $0.02200 and $0.02000

Resistance Levels: $0.02500 and $0.02800

Disclaimer

The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.