Flare Coin (FLR) is on a strong upward move, jumping 25.6% in just 24 hours and catching traders’ attention. FLR is currently trading at about $0.0263, with a market cap of $1.83 billion. Its 24-hour trading volume has increased by nearly 470% to $98.9 million.
There is strong momentum and positive sentiment on social media as FLR approaches a key resistance area between $0.028 and $0.033. This level may decide its next significant move.
Why FLR Is Going Up Today
The Flare network’s on-chain data shows solid fundamentals. Over 244 million transactions have been processed, with more than 41 million blocks produced and 780,000+ active addresses. Notably, 73.59% of the circulating supply is staked or delegated, tightening the available liquidity in the market.
On average, as noted on the Dune dashboard, the Flare Network processes approximately 263,000 daily transactions, with a total of 13.4 million transactions recorded over the last 30 days. Transaction fees are low, totaling only $289,470. This shows that using the network is cost-effective, which is a positive sign for its long-term use.
Flare (FLR) has increased by 66% in the last month and 51% this week. However, it is still about 46% below its all-time high. This recent rise seems to be a recovery from low levels, driven by higher trading volumes and renewed interest from the community.
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Momentum Building Toward Key Resistance
Traders on Twitter have highlighted a critical technical setup. Analyst CW noted that the next sell wall for the Flare Coin sits between $0.028 and $0.033, meaning buyers will need significant strength to break through.
Another chart shared by CW shows FLR has broken out of a long-term convergence pattern, which often signals the start of a new bullish stage.
Looking at the charts, TradingView’s FLR/USDT shows a clear “Strong Buy” signal. Out of 27 key indicators, 16 say Buy, 9 are Neutral, and only 1 says Sell.
Most moving averages still point upward. For example, the EMA-10 is at $0.0213, well below the current price, showing that FLR still has strong upward momentum.
The RSI is currently at 84, meaning that Flare (FLR) is slightly overbought and may experience a brief pause or a minor pullback before resuming its upward trend. Still, momentum indicators like the MACD remain positive, indicating that the overall trend remains bullish.
What’s Next for Flare Coin?
If the Flare token goes above $0.028, the next critical target is $0.033. Analysts say this level has a lot of sell orders. If FLR manages to break above this level, it could continue climbing and reach $0.04 in the coming weeks, especially if staking demand remains strong.
But if it struggles to clear this resistance, the price might drop back to the $0.022–$0.024 support zone before making another attempt. To keep the rally alive, buyers will need to maintain high trading volumes.
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