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11 months ago
15
ARTICLE AD BOX
- Bullish FLR price prediction for 2024 is $0.02943 to $0.05298.
- Flare (FLR) price might reach $0.1 soon.
- Bearish (FLR) price prediction for 2024 is $0.00810.
In this Flare (FLR) price prediction 2024, 2025-2030, we will analyze the price patterns of FLR by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
FLARE (FLR) PRICE PREDICTION 2024 |
|
| FLARE (FLR) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Flare (FLR) Current Market Status
| Current Price | $0.02126 | 24 – Hour Price Change | 2.38% Up |
| 24 – Hour Trading Volume | $40,260,876 |
| Market Cap | />$691,493,399 |
| Circulating Supply | 32,543,767,429 FLR | All – Time High | $0.0797 ( On Jan 10, 2023) |
| All – Time Low | $0.008263 (On Oct 20, 2023) |
What is Flare (FLR)
| TICKER | FLR |
| BLOCKCHAIN | Flare Network |
| CATEGORY | Blockchain |
| LAUNCHED ON | July 2022 |
| UTILITIES | Governance, security, gas fees & rewards |
Flare (FLR) is a blockchain network designed to bring smart contract functionality to digital assets that do not natively support them, including popular cryptocurrencies like XRP. It aims to enable trustless and decentralized applications on these networks.
One of Flare’s key features is the use of the Ethereum Virtual Machine (EVM) for compatibility with the existing Ethereum ecosystem. FLR is the native token of the Flare network, serving various purposes such as governance, collateral, and transaction fees.
The Flare network employs a unique consensus mechanism called the Avalanche protocol, providing security and scalability. By bridging different blockchain networks, Flare aims to unlock new possibilities for decentralized finance (DeFi) applications and enhance the overall utility of digital assets in the evolving blockchain landscape.
Flare 24H Technicals
(Source: TradingView)
Flare (FLR) Price Prediction 2024
Flare (FLR) ranks 94th on CoinMarketCap in terms of its market capitalization. The overview of the Flare price prediction for 2024 is explained below with a daily time frame.
FLR/USDT Horizontal Channel Pattern (Source: TradingView)
In the above chart, Flare (FLR) laid out a rounding bottom pattern. The horizontal channel is also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line that connects the highs, and the lower trendline, the line that connects the lows, run horizontally parallel and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
At the time of analysis, the price of Flare (FLR) was recorded at $0.02126. If the pattern trend continues, then the price of FLR might reach the resistance level of $0.02392, and $0.06876. If the trend reverses, then the price of FLR may fall to the support of $0.01413, and $0.00829.
Flare (FLR) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Flare (FLR) in 2024.
FLR/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Flare (FLR) for 2024.
| Resistance Level 1 | $0.02943 |
| Resistance Level 2 | $0.05298 |
| Support Level 1 | $0.01619 |
| Support Level 2 | $0.00810 |
FLR Resistance & Support Levels
Flare (FLR) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Flare (FLR) are shown in the chart below.
FLR/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Flare (FLR) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.01701Price = $0.02147 (50MA < Price) | Bullish/ Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 63.37789 <30 = Oversold 50-70 = Neutral>70 = Overbought | Neutral |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
Flare (FLR) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Flare (FLR) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
FLR/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Flare (FLR).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 21.63775 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 34.33 <50 = Low >50 = High | Low volatility |
Comparison of FLR with BTC, ETH
Let us now compare the price movements of Flare (FLR) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs FLR Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of FLR is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of FLR also increases or decreases respectively.
Flare (FLR) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Flare (FLR) between 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Flare (FLR) Price Prediction 2025 | $0.6 | $0.007 |
| Flare (FLR) Price Prediction 2026 | $0.7 | $0.006 |
| Flare (FLR) Price Prediction 2027 | $0.8 | $0.005 |
| Flare (FLR) Price Prediction 2028 | $1 | $0.004 |
| Flare (FLR) Price Prediction 2029 | $1.1 | $0.003 |
| Flare (FLR) Price Prediction 2030 | $1.3 | $0.002 |
Conclusion
If Flare (FLR) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Flare (FLR) price prediction for 2024 is $0.05298. Comparatively, if unfavorable sentiment is triggered, the bearish Flare (FLR) price prediction for 2024 is $0.00810.
If the market momentum and investors’ sentiment positively elevate, then Flare (FLR) might hit $0.1. Furthermore, with future upgrades and advancements in the Flare ecosystem, FLR might surpass its current all-time high (ATH) of $0.0797 and mark its new ATH.
FAQ
1. What is Flare (FLR)?
Flare (FLR) is a blockchain network designed to bring smart contract functionality to digital assets that do not natively support them, including popular cryptocurrencies like XRP.
2. Where can you purchase Flare (FLR)?
Flare (FLR) has been listed on many crypto exchanges, including KuCoin, Kraken, bybit, OKX, gate.io, CoinEX, and Coinbase PRo
3. Will Flare (FLR) reach a new ATH soon?
With the ongoing developments and upgrades within the Flare Platform, FLR has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Flare (FLR)?
On Jan 10, 2023, FLR reached its new all-time high (ATH) of $0.0797.
5. What is the lowest price of Flare (FLR)?
According to CoinMarketCap, FLR hit its all-time low (ATL) of $0.008263 on Oct 20, 2023.
6. Will Flare (FLR) reach $0.1?
If Flare (FLR) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.1 soon.
7. What will be Flare (FLR) price by 2025?
Flare (FLR) price is expected to reach $0.6 by 2025.
8. What will be Flare (FLR) price by 2026?
Flare (FLR) price is expected to reach $0.7 by 2026.
9. What will be Flare (FLR) price by 2027?
Flare (FLR) price is expected to reach $0.8 by 2027.
10. What will be Flare (FLR) price by 2028?
Flare (FLR) price is expected to reach $1 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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