Convergence

Flare Token

Token

Flare

Divergence

The post <a href="https://coinpedia.org/price-analysis/flare-price-hypes-post-google-cloud-announcement-whats-next-for-flr-price/">Flare Price Hypes Post Google Cloud Announcement! What’s Next For FLR Price?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The cryptocurrency market witnessed a stable weekend as the top tokens displayed a sideways trend, indicating a cool-off from the price action the industry had recently recorded. On the other hand, mid-cap altcoins have gained significant momentum in recent days, highlighting a switch of interest among investors. 
Following the news of Google Cloud possibly joining the Flare network as Validator, the FLR token price experienced a jump of over 30% within the past 24 hours, making it the top gainer of the crypto industry for the past day. 
The <a href="https://coinpedia.org/price-prediction/aave-price-prediction/">Flare price</a> constantly traded in a narrow space between $0.01649 and $0.01737 for a brief period, following which the market gained momentum, and the bulls gained enough momentum to break out of the resistance level. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/L7SDk0dST8dYCHxkUDWuDK9232xPMtCDZHf1iP6HYdRTW4VOXq6fgLbb2flU0mhgjisIuac77OEhmZRTx-NqRJ_gkVhEVk_lXenlac7lfZhpy-m34I1emcNLIO9YkN9R85WMhma12C4tc0o_shwtj1Q" alt="Flare Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: FLR/USDT
 </figcaption>
</figure> 
The FLR coin price jumped over 15% in valuation, after which the price faced restriction before testing its key resistance level of $0.01932. The price then displayed significant price volatility for about a week. 
Following this, the price traded in a closed range between $0.01737 and $0.01833 for a period. After multiple attempts, the bulls regained momentum and recorded a jump of over 35% in valuation. The Flare coin price then faced rejection at $0.02346. 
Since then, the price has been trading in a consolidated range between $0.02185 and $0.02346 and is currently attempting to break out of the resistance level, of which the outcome is unpredictable.&nbsp; 
<h2 class="wp-block-heading" id="h-will-flare-token-continue-rising">Will Flare Token Continue Rising?</h2> 
The Moving Average Convergence Divergence (MACD) displays a constant rise in the histogram, indicating a massive buying-over-selling pressure in the market. Moreover, the averages sharply rise, highlighting a bullish sentiment in the crypto space. 
If the bulls push the price above the resistance level of $0.02346, the FLR price will regain momentum and test its upper resistance level of $0.0250 soon. Further, if the market holds the price at that level, it will rise and prepare to test its resistance level of $0.270 by the coming week. 
Conversely, if the bears overpowered the bulls, the Flare price would lose momentum and fall to test its support level of $0.02185. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $0.01932 in the coming time.

Flare Price Hypes Post Google Cloud Announcement! What’s Next For FLR Price?

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