Momentum

Resistance

Flare

Coin

<ul class="list-ic vertical">
 <li><span>1</span> <a>The FLR coin replicated a sharp pullback from the 50-day EMA this week.</a></li>
 <li><span>2</span> <a>Buyers are accumulating the coin and are eyeing to cross the $0.0500 mark.</a></li>
</ul>
<p>The Flare coin (FLR) price highlights massive bull accumulation and has escaped the significant moving averages. Moreover, the coin signifies the bullish momentum and is heading to cross the 52-week high region near the $0.05700 mark. The trend is intact, and the coin replicates the bullish waves. A rounding bottom formation and a rebound from the 50-day EMA mark were noted on the charts. The price action revealed a sharp, gigantic up move of over 28%, indicating short covering moves.</p>
<p>At press time, the Flare coin (FLR) price was trading at $0.0445 with an intraday gain of 28.90%, reflecting bullishness on the charts. It has a monthly return ratio of -35.56% and 336.29% on a yearly basis. The pair of FLR/BTC is at 0.000000672 BTC, and the market cap is $1.64 Billion. Analysts are bullish and suggest that Flare coin price may resume the bullish waves and will soon cross the 52-week high mark of $0.05800.</p>
<h2 class="wp-block-heading" id="strong-flr-price-to-volume-profile-highlighting-sharp-buying-momentum-strong"><strong>FLR Price-to-Volume Profile Highlighting Sharp Buying Momentum</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (FLR), Volume (FLR)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=flare&amp;pt=FLR&amp;df=2023-10-03T18%3A29%3A59.002Z&amp;dt=2024-04-03T18%3A29%3A59.002Z&amp;sat=shchcfg_fQ2KDCBZn75O&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%2368DBF4&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22candle%22%7D%3B%7B%22node%22%3A%22line%22%7D" scrolling="no"></iframe>
<p>The above data showed the Flare <a href="https://www.thecoinrepublic.com/2024/04/02/xyo-price-prediction-will-xyo-token-decline-further-or-rise-soon/" target="_blank" rel="noopener noreferrer nofollow">price </a>to volume profile, revealing the bullish stance. This week, buyer accumulation was noted, and the coin reverted from the 100-day EMA, leading to an intense surge of over 35%. Additionally, the coin has crossed the significant moving averages and retained the bullish territory. The intraday trading volume surged over 639.90% to $149.25 million, implying strong buying interest.</p>
<h3 class="wp-block-heading" id="strong-price-volatility-and-weighted-sentiment-outlook-strong"><strong>Price Volatility and Weighted Sentiment Outlook</strong></h3> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (FLR), Weighted sentiment (Total) (FLR)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=flare&amp;pt=FLR&amp;df=2023-10-03T18%3A29%3A59.002Z&amp;dt=2024-04-03T18%3A29%3A59.002Z&amp;sat=shchcfg_fQ2KDCBZn75O&amp;emcg=1&amp;emhwm=1&amp;wm=price_volatility_1d%3Bsentiment_volume_consumed_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Following the price rebound, the price volatility data showcased sharp fluctuations and crossed the midline. The volatility curve noted a spike of over 380% to 0.062, revealing intense movements this week. Similarly, the total weighted sentiment remained in the positive region, at around 0.236.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-and-active-users-analysis-strong"><strong>Social Dominance and Active Users Analysis</strong></h3> <iframe loading="lazy" title="Santiment Chart: Social Dominance (FLR), Active social users (Twitter) (FLR)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=flare&amp;pt=FLR&amp;df=2023-10-03T18%3A29%3A59.002Z&amp;dt=2024-04-03T18%3A29%3A59.002Z&amp;sat=shchcfg_fQ2KDCBZn75O&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Bsocial_active_users_twitter&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The data indicated a spike in the social dominance value and surged to 0.227%, replicating the positive stance and highlighting the increasing investor interest. However, the active users on the Twitter platform noted a drop of over 130% to 1951.</p>
<h4 class="wp-block-heading"><strong>Development Activity and Open Interest Overview</strong></h4> <iframe loading="lazy" title="Santiment Chart: Development Activity (FLR), Total Open Interest in USD (FLR)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=flare&amp;pt=FLR&amp;df=2023-10-03T18%3A29%3A59.002Z&amp;dt=2024-04-03T18%3A29%3A59.002Z&amp;sat=shchcfg_fQ2KDCBZn75O&amp;emcg=1&amp;emhwm=1&amp;wm=dev_activity%3Btotal_open_interest&amp;wax=0%3B1&amp;wc=%238358FF%3B%23FF5B5B&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%7D%3B" scrolling="no"></iframe>
<p>The above data showcased the development activity and open interest outlook, revealing that the development data noted a regression and dropped to 0.571. However, the open interest increased by 2.37%, which signifies a long buildup, and the value surged to $5.10 million.</p>
<p>Per the Fib levels, the Flare price has crossed the 61.8%% zone and is near the upper Bollinger Band resistance zone.&nbsp;</p>
<p>The total supply of the FLR coin is 100.72 billion, whereas the volume-to-market cap ratio is 0.0925, 74 per market cap in the global crypto market.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The Flare coin price has outperformed, and an intense up move of 28% was witnessed in the intraday sessions. Buyers are aggressively adding long positions and are willing to cross the 52-week high mark of $0.05800 mark shortly.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.04200 and $0.04000</p>
<p><strong>Resistance Levels:</strong> $0.04800 and $0.05000</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

FLR Coin Shows a Bounce; Can Bulls Succeed To Cross $0.0500 Mark?

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Thecoinrepublic.com

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