The post Flare Price Surges Past Key Levels as Bulls Target $0.0308 appeared first on Coinpedia Fintech News
Flare has been on an impressive run, breaking through critical resistance levels while attracting both retail and institutional attention. Over the past week, the token has surged more than 10%, far outrunning the broader crypto market’s decline. With its market cap at $1.93 billion and daily volume soaring 307% to $53.4 million, FLR is firmly back on traders’ radar. The question now is whether this momentum can sustain and push prices beyond the next resistance barriers.
Flare Price Analysis
At press time, Flare is trading around $0.02616, marking a 5.8% gain in the last 24 hours. The token moved within a daily range of $0.02456 to $0.02847, breaking above the 23.6% Fibonacci retracement level at $0.02647. This puts FLR price well above its 7-day SMA at $0.0246, showing strong short-term bullish control.
The RSI hovers near 59, suggesting that while the token is nearing overbought territory, it still has room for further upside. The MACD remains positive, confirming bullish momentum. From a technical standpoint, a hold above $0.0264 could push the FLR price towards $0.0308. Contrarily, failure to sustain current levels may see a pullback toward $0.0242, with deeper support near $0.0222.
Fundamentals and Adoption
The surge is backed by fundamentals as well. Flare’s audit report gives it a 91.0 financial score and 85.2 social score, signaling strong community traction and financial health. Security (64.9) and fundamentals (64.7) still leave room for improvement, but the latest developments in ecosystem adoption are strengthening the project’s case.
Driving this rally is institutional adoption of XRPFi, Flare’s yield-bearing XRP framework. Companies like Everything Blockchain Inc. have already integrated the infrastructure, boosting credibility. On the retail front, Revolut’s Learn & Earn campaign has introduced FLR to over 45 million users, helping expand its base.
This combination of technical breakout, institutional credibility, and retail momentum explains why FLR has outperformed the market in recent sessions.
FAQs
Institutional adoption of XRPFi, technical breakout above Fibonacci levels, and retail demand through Revolut’s campaign are the main catalysts.
Immediate resistance is at $0.028, followed by $0.0308. Support sits at $0.0242 and $0.0222.
The RSI near 59 suggests FLR is approaching overbought conditions but still has room for upside momentum.