🚀 Flare (FLR) Soars 70%: The Sky’s the Limit? 🚀

by

TL;DR

  • After months of sitting idly like a lazy cat, Flare (FLR) finally woke up and decided to stretch its legs, reclaiming the $0.024 support and eyeing the $0.037 resistance. 🐱‍🚀
  • With over $776M in FLR staked, it seems everyone wants a piece of this digital pie, shrinking the supply and making long-term holders feel like they’ve found a pot of gold. 🥧💰
  • TrustSwap and Team Finance have joined the party, bringing along their fancy tools to help developers build on Flare’s ecosystem. 🛠️🎉

A Clear Breakout After Months of Napping

Flare (FLR) has finally broken free from the long-term descending wedge that had been keeping it in check since early 2025. Imagine a prisoner escaping after months of confinement—only to find that the world outside is much more exciting! 🚪✨

At the moment, FLR is trading at $0.02712, a whopping 68% increase over the past month. The daily trading volume has also skyrocketed, jumping by nearly 500% to a staggering $102.77 million. Flare’s market cap now stands at $1.9 billion, a clear sign that both short-term traders and long-term holders are back in the game. 📈💰

Meanwhile, the price has comfortably settled above $0.02426, which now serves as a solid support level. The next challenge lies at $0.02839. If the bulls keep charging, we might see FLR reaching the $0.032 and $0.03766 levels, where it last danced in late 2024. 🎶🐂

The short-term moving averages are singing a bullish tune, with the 9-day EMA crossing over the 21-day line. The Directional Movement Index (DMI) is also throwing a party, with +DI at 51.67 and -DI looking rather sleepy at 38.13. The ADX, currently at 4.27, might just wake up and join the fun once it exceeds 20. 🎶📊

Network Growth and On-Chain Metrics

Over 38.8 billion FLR tokens are now staked across the network, locking up nearly $776 million in value. It’s like everyone decided to put their money under a mattress, reducing the liquid supply and encouraging long-term holding. 🛌💰

The Flare Time Series Oracle (FTSO) has expanded its role in providing decentralized data feeds, now supporting 60 live data streams, backed by 85 registered providers. The average block production time remains steady at 1.8 seconds, proving that Flare can handle its business efficiently. ⏱️💻

Recent Integrations and Market Outlook

As CryptoPotato reported, Flare has entered into new partnerships with TrustSwap and Team Finance. These collaborations are like adding new tools to a developer’s toolbox, helping them raise capital, manage token logistics, and expand their reach during project launches. 🔧🛠️

Market watchers are now keeping a keen eye on the resistance levels between $0.028 and $0.033. Analyst CW commented, “The next sell wall for $FLR is $0.028–$0.033.” He added, “A new stage begins with the breakthrough of convergence.” 🕵️‍♂️📈

Read More

2025-07-23 21:58