Flow

bullish

Value

Resistance

Flare

<ul class="wp-block-list">
 <li>Flare’s price surged 16%, defying bearish market conditions.</li>
 <li>Total Value Locked (TVL) nears all-time high, boosting investor confidence.</li>
</ul>
Despite an anticipated bullish “<a href="https://thenewscrypto.com/will-october-bring-gains-for-bitcoin-based-on-historical-trends/" target="_blank" rel="noopener noreferrer nofollow">Uptober</a>,” the cryptocurrency market has taken a bearish turn, with the global market cap down 2% and trading volume plunging 21%. Top cryptocurrencies are feeling the pressure, with Bitcoin down 3% and <a href="https://thenewscrypto.com/ethereum-eth-price-falls-to-previous-support-amid-selloffs/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> facing a 6% dip. However, Flare (FLR) has defied the trend, experiencing a 8% surge, trading at $0.01747. The token’s market cap also increased by 8% to $846K, with a trading volume spike of 386%. It reached a three-month high of $0.01808.
Flare’s performance has caught investors by surprise, especially as the token had been consolidating for over a month. The total value locked (TVL) in Flare surged to $16.6 million, approaching its all-time high (ATH) of $16.85 million, reflecting strong network fundamentals and growing investor confidence.
Moreover, the bullish sentiment is further supported by technical indicators. The Chaikin Money Flow (CMF) plotted a reading of 0.15, signaling an influx of liquidity into the market. Analysts believe FLR has bottomed out and may be on the verge of a breakout. It has been in a tight range for two months.
Positive sentiment continues to build, with experts forecasting a potential surge if investor interest remains strong. One <a href="https://coinmarketcap.com/" target="_blank" rel="noopener noreferrer nofollow">crypto</a> analyst tweeted that FLR’s momentum could lead to a significant price increase, with potential for a bullish reversal in the coming sessions.
<h3 class="wp-block-heading" id="h-what-is-flr-s-next-resistance">What is FLR’s Next Resistance?</h3>
On the technical front, FLR’s 9-day Exponential Moving Average (EMA) sits at $0.01588, with a neutral Relative Strength Index (RSI) of 53. Resistance stands at $0.01935 and $0.02105, with <a href="https://in.tradingview.com/chart/EJXIwxE9/?symbol=OKX%3AFLRUSDT" target="_blank" rel="noopener noreferrer nofollow">support</a> at $0.01204. 
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcy8nZFtEy-DHTzye9-eYFQwKu_4o2UC8wacIFhgRsnpiewENftYRxUjoZ4tJuAubqiHWaafccCAMYh45Xl4u8MZ7qeqdI9EBx3gChzQiYVD521E6YNIvACljOFO-zGCdGlgP9jpum9zwUsDqn0dKfD2gg?key=RyQYS4qGoFHeN1O8VPPybQ" alt="">
 <figcaption class="wp-element-caption">
 FLR Price Chart, Source: Sanbase
 </figcaption>
 </figure>
</div>
Onlookers are now focused on whether Flare can sustain this upward trajectory or face a pullback, as the broader market remains unpredictable. Traders are urged to watch for any shifts in momentum as FLR navigates critical resistance levels.
Highlighted News Of The Day
<a href="https://thenewscrypto.com/ethereum-eth-price-falls-to-previous-support-amid-selloffs/" rel="noopener noreferrer nofollow">Ethereum (ETH) Price Falls to Previous Support Amid Selloffs</a>

Will Flare 8% Surge Mark the Start of a Bigger Breakout?

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