FLR Eyes $0.02000 After Bullish Weekly and Daily Breakout Trends

• FLR jumps 17% in 24 hours with volume spiking 200% to $43.63M
• Technicals show breakout strength as FLR eyes $0.02000 next target

Flare (FLR) posted a strong price rally within the last 24 hours, gaining over 17% to trade at $0.01766. The price rose from a low of $0.0152 and peaked at $0.01894. CoinMarketCap data shows that FLR’s market capitalization surged by 15.94% to reach $1.11 billion. Alongside this move, the trading volume jumped by 200% to stand at $43.63 million. This reflects heightened interest and increased activity across the market. The recent upswing marks a continuation of gradual gains, with price action now approaching its intra-day high.

Further, FLR has gained over 9% over the past seven days and added 13.2% in the monthly time frame. The token rose by $0.0039 on average during that period. Cryptoinsightuk’s weekly chart indicates FLR surged 41%, moving from $0.0108 to $0.0187 before settling near $0.0171. Volume bars confirm a rising trend in interest, supporting the strength of this recent breakout. 

The Relative Strength Index has moved upwards to 45, signaling recovering momentum after a long decline. Additionally, the Stochastic RSI has shown a bullish crossover from oversold territory, which often indicates the start of a new uptrend.

FLR Targets $0.02000 After Daily Breakout Confirmation

On the daily chart, FLR crossed above the 20-day simple moving average on the Bollinger Bands. This move shows renewed price strength and market engagement. The upper Bollinger Band, at $0.0187, now acts as immediate resistance. support lies around $0.01700 and deeper at $0.01392. Daily trading volume reached 54.17 million, underlying increased participation in the current rally. The Bollinger Bands are expanding, pointing to elevated volatility and momentum.

The MACD indicator has also confirmed a bullish crossover, with the MACD line climbing above the signal line. Green bars on the histogram confirm positive momentum building in the short term. If buying pressure continues, the next price target stands at $0.02000. A successful break could open the path to $0.02250, marking a key resistance areaFlare is now gaining attention across multiple timeframes, with indicators confirming strength.

Source: TradingView

This combination of rising volume, positive chart patterns, and technical crossovers places FLR in a favorable position. The outlook depends on how the market handles upcoming resistance levels.

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