Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Flare Cryptocurrency investors see hope, then despair. Here’s how:
ALTCOIN NEWS

Flare Cryptocurrency investors see hope, then despair. Here’s how:

By Crypto FlexsOctober 4, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Flare Cryptocurrency investors see hope, then despair. Here’s how:
Share
Facebook Twitter LinkedIn Pinterest Email
  • Flare crypto bulls attempted a breakout but were denied.
  • Clues from the volume trend suggest a continued upward trend, with recovery still unlikely.

Flair (FLR) has been trading in a range since early August. The range extends from $0.0143 to $0.0167, with the midpoint at $0.0155. The token saw a significant surge in trading volume on October 2nd.

This surge was accompanied by sharp price increases. FLR surged from the lows of the day to achieve a breakout, but has since been forced to decline.

The out-of-range was flatly denied.

Flare 1 Day TradingView

Source: FLR/USDT on TradingView

This price drop is a 12.42% decrease from the local high price of $0.018. We brought FLR back into the range formation and retested the mid-range level as support.

AMBCrypto examined the A/D indicator to see if the price trend is likely to resume its uptrend.

A/D has been slowly declining since mid-August. The previous day’s surge did not exceed the August high.

The cue for this volume indicator was bearish. Flare is likely not ready for a recovery towards March levels.

An attempted range breakout could be classified as a failure because the range high did not reverse to support.

The FLR bulls may have another go at achieving this, but traders and long-term holders should remain cautious until volume indicators show an upward trend.

Social activity increases with price movements.

flare offerflare offer

Source: Santiment

Weighted sentiment rose higher, reaching a high not seen since January. This reflected very positive social media engagement following the launch of the Flare range.


Realistic or not, the market cap of FLR in BTC terms is:


Social volume also grew noticeably.

Development activity has been falling in recent weeks and remains well below the highs it maintained in July and September. This may be a concern for long-term investors.

Disclaimer: The information presented does not constitute financial, investment, trading, or any other type of advice and is solely the opinion of the author.

Next: Franklin Templeton Proposes Bitcoin, Ethereum ETF Merger: What It Will Entail

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

InFocus Launches Digital Ventures Strategy With Mythos Group To Push Into Blockchain, AI And Bitcoin

September 1, 2025

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025
Most Popular

FixFloat DEX hacked, resulting in loss of $26 million worth of BTC and ETH

February 19, 2024

NFT Collector – Cointelegraph Magazine

September 19, 2024

What should I do with encryption?

June 30, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.