bullish

Resistance

Flare

<p>FLARE has reached a market price of $0.020 with a market cap exceeding a billion dollars. As the FLR price surpasses the critical psychological barrier, the bull run will likely create a new 50-day high. Let's look at the FLR price analysis to find the next buying opportunity.</p>  
<h2 class="wp-block-heading" id="h-flare-price-analysis-nbsp-nbsp">Flare Price Analysis&nbsp;&nbsp;</h2>  
<p>In the daily chart, the FLR price action has surpassed the 200-day EMA and is challenging the $0.021 resistance level. The annual price action of the FLR token shows a bullish breakout of a long-coming resistance trendline.&nbsp;</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/21140404/image-8-1024x509.webp" alt="Flare price chart" class="wp-image-382955">
</figure>  
<p><a href="https://www.tradingview.com/x/hUTcja7u/" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a></p>  
<p>However, the trendline breakout rally took a long detest, resulting in a falling channel pattern. Nevertheless, with the broader market recovery, the FLR price took a massive V-shaped reversal from the $0.011 mark.&nbsp;</p>  
<p>The recovery run surpassed the 50-day 100-day and 200-day EMA. It is now trading at the psychological level of $0.020. This accounts for a massive rally of nearly 70%. Furthermore, the bullish rally also challenged the 38.20% Fibonacci level at $0.021.&nbsp;</p>  
<p>Currently, Flare faces higher price rejection from this resistance level, keeping the bullish growth under check. However, the intraday gain of 2.32% creates a new bullish engulfing candle, aiming to break above the resistance level.&nbsp;</p>  
<h3 class="wp-block-heading" id="h-technical-indicators">Technical Indicators:</h3>  
<p>MACD: Supporting the bullish trend possibility, the MACD and signal line maintain a positive alignment but one of a negative crossover if the consolidation is prolonged.&nbsp;</p>  
<p>EMA: The uptick in the 50-day EMA prepares for a crossover with the 100-day EMA. The bullish crossover will increase the overall sentiment and the chances of a golden crossover.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-will-flare-price-cross-0-30">Will Flare Price Cross $0.30?</h2>  
<p>The breakout rally is likely to challenge the 50% Fibonacci level at $0.025. This level has also been known to provide a massive surge in supply, as reflected by the long-awaited candles last week.&nbsp;</p>  
<p>The bullish breakout of the $0.021 will challenge the $0.025. This will be the critical crossroads for the FLR token. The FLR price is likely to surge to $0.052 to create a new 52-week high above $0.056.&nbsp;</p>  
<p>Conversely, a downfall below the 200-day EMA at $0.018 will result in a plunge to $0.01717, or the 23.60% Fibonacci level.</p>  
<p>With the increasing bullish momentum, will Flare reach the $0.10 mark in 2024? Find out NOW in Coinpedia’s <a href="https://coinpedia.org/price-prediction/flare-flr-priceprediction/" target="_blank" rel="noopener noreferrer nofollow">Flare price prediction</a>, and subscribe to us for the latest crypto updates.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>  
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732177977967"><strong class="schema-faq-question"><strong>What is FLARE's current price and performance?</strong></strong>
  <p class="schema-faq-answer">FLARE (FLR) is trading at $0.020, up 70% in its recovery rally, with bullish momentum challenging the $0.021 resistance.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1732177981029"><strong class="schema-faq-question"><strong>What are FLARE's bullish indicators?</strong></strong>
  <p class="schema-faq-answer">A V-shaped recovery, positive MACD alignment, and potential EMA bullish crossovers signal a continuation of the uptrend.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1732177981593"><strong class="schema-faq-question"><strong>What are FLARE's key resistance and support levels?</strong></strong>
  <p class="schema-faq-answer">Resistance lies at $0.021 and $0.025, while support stands at $0.018 and $0.01717 based on Fibonacci retracement levels.</p>
 </div>
</div>

FLARE Challenges $0.021 Amid V-Shaped Recovery, Targets $0.052

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