Flare (FLR)Flare is an EVM-based layer 1 aiming to make blockchain more useful by giving developers secure decentralized access to high-integrity data from other chains and the internet. Anyway, it is evident that Flare was moving down in a descending triangle pattern. After, FLR broke the descending triangle upward, FLR started an upward wave which now reached the first horizontal resistance area. If FLR break through these areas, further upward movements are possible. Let's see what happens.
Flare
Flare Network ($FLR) Up 50%- What Next?Flare Network ( NYSE:FLR ) is making waves in the blockchain space with its innovative approach to interoperability and decentralized data acquisition. With a massive 50% price surge in the last 24 hours, Flare is capturing attention for its technical breakout and transformative developments. Here’s a closer look at what makes Flare unique and how it’s shaping the future of blockchain.
What is Flare (FLR)?
Flare is an Ethereum Virtual Machine (EVM)-based Layer 1 blockchain that aims to enhance blockchain utility. By enabling decentralized access to high-integrity data from other blockchains and the internet, Flare provides developers with tools to create dApps capable of serving multiple chains through a single deployment.
This unique capability unlocks new use cases and monetization models, making Flare an essential player in the evolving blockchain ecosystem.
Key Features That Set Flare Apart
1. Native Interoperability Protocols
Flare’s architecture revolves around two groundbreaking protocols:
- The State Connector: Acquires event data from other blockchains and Web2 sources, allowing smart contracts on Flare to interact seamlessly with external events.
- Flare Time Series Oracle (FTSO): Delivers decentralized prices and data series, ensuring data accuracy without relying on centralized providers.
2. Decentralized Data Acquisition
By using independent data providers, Flare secures blockchain and Web2 data in a decentralized manner. This minimizes risks for developers and users while enabling a wider range of applications.
3. Real-World Integration: Decentralized Identity
Recently, Flare partnered with Red Date Technology to launch a KYC solution for Mainland Chinese visitors in Hong Kong. This system uses decentralized identity technology to perform KYC checks while safeguarding user privacy—a crucial step in bridging blockchain technology with real-world regulatory requirements.
Flare’s Price and Market Performance
- Current Price: $0.020915
- Market Cap: $1.09 billion
- 24-Hour Trading Volume: $63 million
- Price Surge: 48.24% increase in the last 24 hours
- Circulating Supply: 52.5 billion FLR
Flare’s ranking at #73 on CoinMarketCap underscores its growing prominence in the crypto landscape.
Technical Outlook: Breaking Barriers
Flare’s price action is drawing bullish momentum:
- Recent Breakout: NYSE:FLR broke out of a falling wedge pattern, signaling a strong upward trend.
- RSI Levels: Currently at 80, the Relative Strength Index indicates overbought conditions. However, with clear momentum and strong volume, there’s room for further growth.
- Resistance Levels: If the rally continues, NYSE:FLR may target $0.03 as the next significant resistance.
- Support Levels: A consolidation phase could see NYSE:FLR retrace to $0.018 before resuming its upward trajectory.
The Road Ahead for Flare
With its unique technology and expanding use cases, Flare is more than just another blockchain—it’s a foundation for the next wave of decentralized applications. The recent price surge and breakout signal strong investor confidence, and as its ecosystem develops, NYSE:FLR could become a key player in the blockchain world.
For now, the 50% rally marks a milestone, but the journey for Flare is just beginning. Investors and developers alike should keep a close eye on this innovative project.
Conclusion
Flare ( NYSE:FLR ) is redefining blockchain interoperability and decentralized data access with groundbreaking protocols and real-world integrations. With a strong technical breakout and robust fundamentals, NYSE:FLR is showing immense potential to revolutionize the blockchain space. As adoption grows, Flare could very well be the bridge that connects the fragmented worlds of Web2, Web3, and blockchain.
Another FLARE signalWe hav seen in the past when flare breakers it’s previous highs, it has a tendency to sky rocket.
When we see these next 15min candles close above $0.01650 we could see a power move to catch up to the rest of the market. Selling under $0.02.
If the tend line fails, I’m out.
Good luck and have fun with it
FLARE breakout appears to be imminent! After hitting a nice high of around .056 earlier in the year, FLR is looking like it's about to make a nice move upward. Currently at the bottom of a descending wedge pattern, it's very likely that we will see FLR breakout of this wedge in the coming days.
Good luck, and always use a stop-loss when trading!
Bitcoin Time and Price PredictionThis chart illustrates Bitcoin's historical price movements and projections, with key technical milestones and predictions for future price action.
Historical All-Time Highs (ATH): Significant ATH levels are marked on the chart, showing key breakout points over the years. Each ATH is followed by a substantial correction, leading to a consolidation period before breaking the ATH again.
Time Intervals Between Breaks: The chart notes the time taken to break previous ATHs, averaging between 10 to 12 months. For example, it took 10 months to break the ATH around 2017 and 12 months for the subsequent cycle.
Recent Price Action: The most recent ATH and the time it took to break it (11 months) are highlighted. The price has again corrected and consolidated, suggesting a potential new breakout.
Projections: Based on historical patterns, a future breakout is predicted around January/February 2025. The target price for this breakout is projected to reach $120,000.
Technical Indicators: The SMMA (Smoothed Moving Average) lines provide support and resistance levels at $37,635.1 (green) and $25,410.5 (red). These levels serve as potential stop-loss areas to manage risk.
Profit Targets and Stop Loss: Profit Target: $120,000, based on historical breakout patterns and Fibonacci extensions. Stop Loss Areas: First level: Near the current SMMA at $37,635.1. Second level: Lower SMMA at $25,410.5.
Summary: This analysis projects Bitcoin reaching $120,000 by early 2025, following historical breakout patterns. The SMMA lines help identify support levels, and the time intervals between previous ATHs guide the prediction. Traders should consider these levels for setting profit targets and stop-loss areas to manage risk effectively.
Flare has 1 daily candle close above the invh&s neckline. Fairly big candle that closed above the neckline too and the bigger the candle the higher the probability that it can flip that neckline to support. However we all know how often price action will fallback below an invh&s neckline before the real breakout occurs, so for now there is no confirmation or validation that flare has broken up from this pattern just yet. We should know within the next 2-3 daily candles if its gonna breakout now or if its gonna go back under the neckline though if I had to guesstimate. Should it validate the breakout here, the breakout target is around .37 cents. *not financial advice*
Flare wave count could be indicating a major drop incoming!The current wave count on FLR could be indicating that a big drop is incoming. If price fails to get above the top box, then it will likely come down to the range of the lower one. However, if it breaks through the upper box, then that area could act as a launching pad for much higher prices. We will have to watch and see how it plays out over the next few days and reassess.
Good luck, and always use a stop-loss!
FLR/USDT assessing resistance and trendline?🚀FLR Today AnalysiS💎 Paradisers, take a moment to observe #FLRUSDT as it embarks on an interesting journey. Currently, the price is testing an ascending trendline and facing a crucial resistance at $0.03848. A breakthrough above this level could launch a significant bullish campaign to overcome even tougher resistance.
💎 On the flip side, if NYSE:FLR struggles to surpass this resistance, it's time for a strategic pivot. As astute traders, we're anticipating a bullish recovery from the lower support at $0.03473, including a Fair Value Gap (FVG) level. Given that liquidity has been tapped below this point, a bullish reversal seems highly probable.
💎 Falling beneath this additional support level could indicate a shift towards a more defined bearish trend, marked by increased selling pressure. Staying vigilant and adaptable is crucial as we navigate the evolving #FLR market dynamics.
FLARE Cup & Handle holds immense potential moving forward!Flare has had some impressive gains as of late, but the charts seem to indicate - after an ugly pullback into the handle low, a potential move northward that would be worthy of a golden-crown.
Picking up additional coins to add to your spot-bag, or long-term holdings at the handle-low, could add additional profits to your digital wallets in the coming C wave.
Good luck, and always use a stop-loss!
Flare FlrFLR Bullish. After reaching the target I think it will slowly go up to new ATH by forming new bullish flags one after another.
What is Flare (FLR)?
Flare is an EVM-based layer 1 aiming to make blockchain more useful by giving developers decentralized access to high-integrity data from other chains and the internet. This enables new use cases and monetization models, while allowing dapps to serve multiple chains through a single deployment.
The FLARE cup & handle is evolving nicely!Flare has been forming a cup & handle formation for quite some time now. It appears that the cup is now fully formed, and price will now start to fill in the handle. In order to fill the handle, FLARE will have to drop down into the mid .02's range, and do the hokey-pokey for a little while.
Good luck, and always use a stop.
FLARE has now set the boundaries for a potential cup & handle.I posted a previous chart that surmised a potential cup & handle may be attempting to develop. Now that the recent breakout has pulled back, it has given us the ability to determine the height of the cup, and the pullback will also help us to determine the potential depth of the lower trend line on the handle. The white dashed line is my estimate of the general area I believe it could be.
This is a great sign! With the recent bounce we've seen the past 10 days or so, FLARE is now on a lot of people's radar who missed the recent breakout, and are now looking for a potential entry point moving forward. This could give us the volume we need in the coming weeks/months to breakout of the cup & handle pattern, and see even more impressive gains in the near future.
Keep in mind it will take time for this handle to fill in, assuming that the cup & handle will continue to form moving forward, but at this point it's looking highly probable.
Good luck, and always use a stop loss!
FLARE looks to be building a cup & handle formation.FLARE (FLR) recently went from being hated by some to quickly being loved by most! Leave it to a crypto doubling in price to change investor sentiment in a positive direction.
FLARE (FLR) looks to be in the mid-stage of building a classic cup & handle formation, which we are seeing in a variety of cryptos right now such as HBAR, ALGO, TRU, ONE, REEF, and a few others. Identifying these potential trends can make trading these cryptos much easier by making it possible to identify potential entry and exit points within the trades, as well as predicting the directionality, i.e., long or short.
I'm holding a bag of FLARE and will likely continue to hold it for many years to come.
Good luck, and always use a stop.
FLRUSDT Potential 36% Increase and ResistancFLRUSDT recently found support at the average-price uptrend trendline, followed by a strong bullish daily candle, signaling potential growing demand. Today, Flare has presented a notable pullback, attracting buyer interest with a promising risk/reward opportunity.
With a stop loss positioned just below recent lows and an upside target at the double Fibonacci resistance, there's potential for a 36% price increase.
FLR/USDT bullish momentum from demand? 👀🚀FLR Today Analysis💎 Paradisers, observe the latest developments in #FLRUSDT, signaling a strong chance for a bullish trajectory from its demand zone.
💎 Recently, #Flare faced a setback at a supply zone but has been effectively adhering to a descending trendline. If it maintains momentum above the key demand level at $0.01598, we're likely to see a strategic climb towards challenging a significant supply zone.
💎 Beyond its market movements, the token's fundamentals are robust – #Flr, being an EVM-based layer 1, aims to revolutionize blockchain utility by providing developers decentralized access to high-integrity data from various chains and the internet, underscoring the project's solid reality.
💎 The dynamic and unpredictable nature of the crypto market necessitates a strategy that's equally fluid and responsive. Should #FLARE encounter resistance in securing its position within this essential demand zone, a swift and well-thought-out strategic shift might become crucial.
💎 In such a scenario, Plan B comes into play, focusing on triggering a bullish run from a lower, yet strategic demand level at $0.01381. This level will be pivotal, as breaching it could potentially indicate the onset of a bearish phase in the #flr market narrative. 🌴💰
$FLR first cycle, can it break ATH?NYSE:FLR looks to be setting up for a large move higher. It's sitting right above support right now basing before it makes a move.
Because it's in its first cycle, I could see it surpassing it's previous ATH and making a move up to the $.048 resistance.
I've marked off key levels below just incase price stops before hitting the top resistance.
Flare about to light up the skyFlare entry, $0.0156, we could see this one light up the sky here tonight and the next few days.
volume is a bit more active. We could see a push to the yellow line around $0.02239 or up to $0.026 area. Just an idea, lets see how this goes.
Good luck and have fun with it.