The FLR price chart displays that the price rallied from the demand zone of $0.0100 to $0.0550. But, the crypto slumped as the price failed to jump over it, and displayed a pullback kind of scenario in its ascent.
However, the Flare crypto has revealed a sign of recovery after a short-term fall, as the price shows a seller's rejection from a crucial support level of around $0.0350 on the chart.
Now, the FLR crypto appears like it is set for a colossal surge, as it gears up to crack the resistance level and rocket to new peaks from the current support level.
The Flare asset is exhibiting bullish strength and rising capacity as it holds above major 20, and 50-day EMA's. Likewise, the FLR asset is displaying bullish behavior as the RSI is not near the 70 level yet in the FLR chart, meaning that the asset is not facing much resistance on the above level and can extend its gains.
On observing the price chart data over the daily chart, the FLR asset is showing bullish signs and it has the potential to grow further. It has performed well in the past month, and quarter by 40.26%, and 103.17% respectively, indicating a strong uptrend.
At press time, the crypto is experiencing a surge of 0.46% in the last 24 hours, trading at $0.04159. Therefore, if the demand for the FLR token rises abruptly, the asset price could bounce back from the current level. The next goal for the price could be to reach $0.0550 and in between the hurdle would be $0.04956.
However, if the Flare crypto price fails to stay above the $0.03500 level, it could decline further.
However, the Flare crypto has revealed a sign of recovery after a short-term fall, as the price shows a seller's rejection from a crucial support level of around $0.0350 on the chart.
Now, the FLR crypto appears like it is set for a colossal surge, as it gears up to crack the resistance level and rocket to new peaks from the current support level.
The Flare asset is exhibiting bullish strength and rising capacity as it holds above major 20, and 50-day EMA's. Likewise, the FLR asset is displaying bullish behavior as the RSI is not near the 70 level yet in the FLR chart, meaning that the asset is not facing much resistance on the above level and can extend its gains.
On observing the price chart data over the daily chart, the FLR asset is showing bullish signs and it has the potential to grow further. It has performed well in the past month, and quarter by 40.26%, and 103.17% respectively, indicating a strong uptrend.
At press time, the crypto is experiencing a surge of 0.46% in the last 24 hours, trading at $0.04159. Therefore, if the demand for the FLR token rises abruptly, the asset price could bounce back from the current level. The next goal for the price could be to reach $0.0550 and in between the hurdle would be $0.04956.
However, if the Flare crypto price fails to stay above the $0.03500 level, it could decline further.