Token

Verge

Flare

<p>The post <a href="https://coinpedia.org/price-analysis/flare-price-jumps-22-flr-token-a-potential-2x-for-this-bull-run/">Flare Price Jumps 22%! FLR Token A Potential 2X For This Bull Run?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The Flare token displays a significant price action in its chart, indicating a rising bullish influence for this altcoin in the market. The FLR price has gained over 14% within the past 24 hours and has collectively added approximately 117% during the past 30 days.</p> 
<h2 class="wp-block-heading" id="h-flr-token-on-the-verge-of-a-major-breakout">FLR Token On The Verge Of A Major Breakout!</h2> 
<p>The Flare coin price traded between $0.02232 and $0.02581 for the first two days, following which the market gained momentum, resulting in a price breakout. After trading sideways for a while, the bulls recorded another jump of 27.18%, following which the price traded sideways for a while.</p> 
<p>As the market volatility grew, the bulls lost momentum, resulting in it experiencing a price breakdown in the chart. The FLR token then traded sideways for five days. After this, the token traded between $0.03053 and $0.03523 for the next twelve days, indicating a weak price action.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/j-NJa2hDVM61CRMWoJ5oZc3ZeAFHTXmjNTsNhux-HOqp9G5Y8huXfSCWDmxaNsv2g1jZhrh0DZnZ3-JJ4ojvDPyPuVfP_4MNT0z2UpRuF1z9VMwRgwMvtRCjeyEE-ZqUNKcxzyvXdhXo3Ar173gUcik" alt="Flare Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: FLR/USDT
 </figcaption>
</figure> 
<p>As the market volatility grew, the bulls recorded a jump of 26.49%, following which the price traded sideways for a while. Recently, the Flare price regained momentum and recorded a jump of approximately 21%. Since then, the price has been trading sideways, indicating a cool-off in the price sentiments.</p> 
<p>The Relative Strength Index (RSI) shows a bearish curve above the overbought range, indicating a cool-off in the buying pressure in the crypto market. Further, the averages show flatlines, highlighting an uncertainty in the future price action of the altcoin.</p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/bitcoin-rally-warning-expert-analysis-suggests-imminent-market-corrections/">Bitcoin Rally Warning: Expert Analysis Suggests Imminent Market Corrections</a></p> 
<h2 class="wp-block-heading" id="h-is-flare-a-good-investment">Is Flare A Good Investment?</h2> 
<p>If the market pushes the token above the resistance level of $0.04715, the FLR coin price will regain momentum and test its resistance level of $0.05250. Maintaining the price at that level will set the stage for the altcoin to attempt to test its upper resistance level of $0.05750 in the upcoming weeks.</p> 
<p>Negatively, if the bears overpowered the bulls, the FLR price would lose momentum and fall to test its support level of $0.04119. Moreover, if the bears continue to hold power, the price will further fall and test its lower support level of $0.03523 during the coming month.</p>

Flare Price Jumps 22%! FLR Token A Potential 2X For This Bull Run?

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