Flare Price Prediction: 2024, 2025, 2030

FLR price prediction: Key highlights

1. Primary support and resistance levels

• $0.046 was established as the peak resistance level on the daily chart, while $0.020 may prove to be the lowest price floor.

2. Market sentiment

• The overall market sentiment is seen to be bearish in April 2024.

3. Predictive forecasts

• Our AI/ML predictive models forecast that FLR may reach an average value of $3.83 by 2030 and $121.16 by 2035.

Get valuable insights on FLR through a comprehensive daily technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

FLR technical analysis: Will bearish pressure persist?

Throughout the analysis period, the altcoin displayed significant volatility, underscoring the challenges inherent in cryptocurrency trading and influencing Flare price prediction for 2024. 

Initially, FLR was positioned above its previous peak at $0.046, a critical resistance level that it could not sustain. As March began, the token experienced a sharp rejection at this threshold. 

As a result, a downward trajectory was initiated that saw it descend to $0.038 in the early days of the month. This decline continued unabated as all bullish attempts to reverse the trend were not sustained, leading to FLR reaching a low of $0.029 by mid-March.
 

The subsequent recovery phase began shortly after hitting this low, with the bulls regaining control and propelling the price upwards. By the end of March, FLR had managed to claw back to the $0.038 level, demonstrating resilience and a potential shift in market sentiment. 
 

This upward momentum continued into April, with FLR briefly surpassing the $0.038 mark and retesting its peak resistance at $0.046 within the first week of the month.
 

Despite this brief resurgence, the bears regained dominance, exerting considerable downward pressure on FLR's market value. By mid-April, the token had sharply declined, breaking below the support level of $0.033. 
 

Attempts by the bulls to stabilize the price and initiate another rally were ineffective, leading to FLR plummeting to a new low of $0.029. At the time of writing, FLR was trading at $0.030, indicating a slight recovery from its most recent downturn.
 

FLR’s current growth trajectory has been gloomy. The token has witnessed a depreciation of over 17% in its value over the past month, according to CoinMarketCap. However, the Flare Network upgraded its oracle into FTSOv2, introducing unique features such as on-chain data access for frictionless performance with decentralized finance (DeFi) apps. This upgrade can improve Flare’s performance, attracting a new pool of investors in the near future.

Looking ahead, the potential for FLR's price recovery and further growth hinges on such developments and the bulls' ability to counter the recent downturn and sustain healthy buying pressure. If the bulls manage to showcase resilience, the token may touch the $0.033 level within the next few weeks. A sustained bullish rally may even lead to FLR reclaiming the $0.038 mark or even surging to the peak $0.046 level in the upcoming months.

Conversely, with an increase in selling pressure, the price may fall back to the $0.029 support within the upcoming weeks. A more pronounced bearish scenario may drive it down to $0.020.

Despite the current bearish indicators, our predictive models offer a more optimistic outlook for FLR's future. These models forecast a continued growth trajectory for FLR, with an expected average trading price of $3.83 by 2030. If newer developments occur and FLR’s utility gains strength, it may even surge higher to touch $121.16 by 2035.

FLR's 2024 roadmap: Key indicators to watch and trade

• The Chaikin Money Flow (CMF) mostly remained below the neutral line throughout March. Although there was a minor attempt at recovery in April, it was not sustained, indicating that the selling pressure was significantly high throughout the analysis. 
• After a constant downward trajectory, the CMF began recovering slightly during the second half of April, although it still remained below the neutral line. At press time, it stood at -0.06.
• The trading volume was initially low but recovered as the price moved north. Yet, as the bears took over, it declined considerably. This highlighted that there was not enough buying interest to support prices. At the time of writing, the trading volume had dropped to its lowest point.
• Until mid-March, the Awesome Oscillator (AO) value was significantly high and remained above the neutral line, indicating a sustained bullish momentum.
• However, the AO dropped during the second half of March. Although a minor attempt at recovery was seen during early April, it was not sustained, and the AO fell again. At press time, it stood at -0.004073, pointing towards an ongoing bearish momentum.