Flare

<ul class="list-ic vertical">
 <li><span>1</span> <a>FLR crypto chart shows a double-bottom formation; bounce expected.</a></li>
 <li><span>2</span> <a>Technical indicators are suggesting a significant trend reversal ahead.</a></li>
</ul>
<p>The FLR price has settled the gains around the 100-day EMA support zone and is witnessing a double-bottom pattern on the charts. Moreover, the FLR crypto has finished its correction phase and is ready for a significant reversal. Following the market correction, the token has erased gains over 28% this month. The price action replicates a retracement and displayed lower low swings in the past sessions.</p>
<p>At press time, the Flare token (FLR) price traded at $0.03113 with an intraday drop of 4.33%, reflecting neutrality on the charts. It has a monthly return ratio of -13.22% and -.2.30% yearly. The pair of FLR/BTC is at 0.000000483 BTC, and the market cap is $1.20 Billion. Analysts are neutral and suggest that the FLR token may regain momentum and replicate a bounce ahead.</p>
<h2 class="wp-block-heading" id="strong-flr-price-volume-profile-analysis-on-daily-chart-strong"><strong>FLR Price Volume Profile Analysis On Daily Chart</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (FLR), Volume (FLR)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=dogecoin&amp;pt=DOGE&amp;df=2023-10-23T18%3A29%3A59.476Z&amp;dt=2024-04-23T18%3A29%3A59.476Z&amp;sat=shchcfg_uYTaNm0mJoTc&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bflare%3BFLR%5D%3B%5B1%3Bvolume_usd%3Bflare%3BFLR%5D&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 chart displayed the <a href="https://www.thecoinrepublic.com/2024/04/24/joe-crypto-price-is-trading-in-bearish-zone-will-it-bounce-back/" target="_blank" rel="noopener noreferrer nofollow">price</a>-to-volume profile of the FLR crypto, which showcases a retracement, and sellers have pushed the token toward the 100-day EMA mark near its support zone at around $0.03000. However, the buyers have decisively held the gains and noted a double bottom pattern. The intraday trading volume jumped over 12.29% to $8.79 Million.</p>
<h3 class="wp-block-heading" id="strong-price-volatility-weighted-sentiment-outlook-strong"><strong>Price Volatility &amp; 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=dogecoin&amp;pt=DOGE&amp;df=2023-10-23T18%3A29%3A59.476Z&amp;dt=2024-04-23T18%3A29%3A59.476Z&amp;sat=shchcfg_uYTaNm0mJoTc&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_volatility_1d%3Bflare%3BFLR%5D%3B%5B1%3Bsentiment_volume_consumed_total%3Bflare%3BFLR%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p>Following the price rebound, the price volatility curve witnessed a significant surge of over 11.90% to 0.012. However, the weighted sentiment looks positive and stayed above the midline around 0.204.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-and-x-followers-insights-strong"><strong>Social Dominance and X Followers Insights</strong></h3> <iframe loading="lazy" title="Santiment Chart: Social Dominance (FLR), Twitter Followers 7d (FLR)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=dogecoin&amp;pt=DOGE&amp;df=2023-10-23T18%3A29%3A59.476Z&amp;dt=2024-04-23T18%3A29%3A59.476Z&amp;sat=shchcfg_uYTaNm0mJoTc&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsocial_dominance_total%3Bflare%3BFLR%5D%3B%5B1%3Btwitter_followers_7d%3Bflare%3BFLR%5D&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>Per the Santiment data, the Social dominance data noted a spike from 2.40% to 0.022%, replicating increased media discussion reports among the investors. However, the X (formerly Twitter) followers data noted no interest and dropped over 23.89% to -333.</p>
<h4 class="wp-block-heading"><strong>Development Activity and Total Open Interest Insights</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=dogecoin&amp;pt=DOGE&amp;df=2023-10-23T18%3A29%3A59.476Z&amp;dt=2024-04-23T18%3A29%3A59.476Z&amp;sat=shchcfg_uYTaNm0mJoTc&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bdev_activity%3Bflare%3BFLR%5D%3B%5B1%3Btotal_open_interest%3Bflare%3BFLR%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p>The development data witnessed a significant decline of over 11.67% and dragged below the midline around 3.69, showing a neutral outlook. However, the derivative data signifies a short covering. The open interest dropped over 6.79% to $2.53 Million in the last 24 hrs.</p>
<p>Per the Fib levels, the FLR price is trading near the 38.2% zone and has taken support on the Bollinger Band. However, the RSI curve stayed in the oversold region, and a negative crossover was noted on the charts. Additionally, the MACD indicator noted a bearish crossover but suggested a significant pullback ahead.</p>
<p>The total supply of the FLR crypto is 100.72 Billion, whereas the volume-to-market cap ratio is 0.00730, ranked 83 in market cap in the global crypto market.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>The Flare crypto price is hovering near the 100-day EMA mark, and bulls eagerly await a pullback ahead. However, the trend is negative, and bulls need adequate momentum to cross the 20-day EMA mark to revert the gains.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.03000 and $0.02800</p>
<p><strong>Resistance Levels:</strong> $0.03500 and $0.03800</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 Price Prediction: Flare Ready For Bounce, Can Bulls Succeed?

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