Flare's price observed a positive upward trend in the market, between October 20th, 2023, and February 26th, 2024. As a result, the daily chart indicated a significant surge in the value of Flare, skyrocketing from $0.0080 to $0.5500.
FLR has performed well in the last six months, gaining 284.43%. However, in the past week and month, the price violated the uptrend from the supply level of $0.5500. As a result, the weekly and monthly charts showed a decline of -19.06% and -10.66%, respectively.
However, the Flare crypto has signified a possible turnaround rally coming soon on the daily chart, as the price showed strong sustenance signs at a crucial support level of around $0.02800.
Once again, the FLR crypto may experience a significant increase. That's because its price had previously soared from nearby to this level of support, which will push the Flare asset to higher levels from its current supporting range.
Technical Indicator’s Analysis Of FLR Crypto Price Forecast
The Flare crypto asset is displaying bullish behavior as the MACD histogram is not growing, which seems stagnant at -0.00087 in the last couple of sessions and confirms the sustenance activity. Similarly, the RSI is at 40.48, highlighting that it can extend its gains as it has taken a U-turn towards 14-SMA.
Meanwhile, The FLR asset indicates that its bullish strength is coming back, and the probability of its price rising is visible on the daily chart. If buyers come into the market, Flare's price could surpass the important 20-day and 50-day EMA's from a lower position.
Flare crypto has seen an increase of 1.46% in the past 24 hours and is being traded at $0.03203 at this moment of writing.
Therefore, if the demand for the Flare price (FLR) increases from the current support, it could bounce back remarkably. The next target for the price could be to reach $0.04150 and $0.04900.
Another possibility would be if the price value of FLR crypto fails to stay above $0.02800, it could also see a further decrease.
FLR has performed well in the last six months, gaining 284.43%. However, in the past week and month, the price violated the uptrend from the supply level of $0.5500. As a result, the weekly and monthly charts showed a decline of -19.06% and -10.66%, respectively.
However, the Flare crypto has signified a possible turnaround rally coming soon on the daily chart, as the price showed strong sustenance signs at a crucial support level of around $0.02800.
Once again, the FLR crypto may experience a significant increase. That's because its price had previously soared from nearby to this level of support, which will push the Flare asset to higher levels from its current supporting range.
Technical Indicator’s Analysis Of FLR Crypto Price Forecast
The Flare crypto asset is displaying bullish behavior as the MACD histogram is not growing, which seems stagnant at -0.00087 in the last couple of sessions and confirms the sustenance activity. Similarly, the RSI is at 40.48, highlighting that it can extend its gains as it has taken a U-turn towards 14-SMA.
Meanwhile, The FLR asset indicates that its bullish strength is coming back, and the probability of its price rising is visible on the daily chart. If buyers come into the market, Flare's price could surpass the important 20-day and 50-day EMA's from a lower position.
Flare crypto has seen an increase of 1.46% in the past 24 hours and is being traded at $0.03203 at this moment of writing.
Therefore, if the demand for the Flare price (FLR) increases from the current support, it could bounce back remarkably. The next target for the price could be to reach $0.04150 and $0.04900.
Another possibility would be if the price value of FLR crypto fails to stay above $0.02800, it could also see a further decrease.