Flare Price Prediction: 2024, 2025, 2030

FLR price prediction: Key highlights

1. Primary support and resistance levels

• On the weekly chart, the highest resistance was observed at $0.047.
• Meanwhile, the lowest price floor was established at $0.009.  

2. Market sentiment

• The market sentiment surrounding FLR is strongly bearish in September 2024. 

3. Predictive forecasts

• According to our AI/ML prediction algorithms, the average price of FLR will rise to $0.050 by 2032 and $0.080 by 2034.

Given below is an extensive weekly technical analysis of FLR, followed by the coming weeks of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

FLR technical analysis: Bears continue to set the market tone

The comprehensive analysis of FLR’s weekly chart revealed an insightful exploration of its performance over the past year. This revealed a narrative of volatility and market sentiment shifts, contributing to the Flare price prediction for 2024 and beyond.

The period under review commenced with the asset dropping until it fell to the lowest yearly support at $0.009 in early October. Later in the month, the bulls rallied as the broader market improved. This rally drove FLR past all previous barriers as the price continued to make higher highs and higher lows. Consequently, it reached the highest yearly resistance at $0.047 in late February. 
 

Nevertheless, this high was unsustainable. Owing to perceived overvaluation, a correction pulled the price down to $0.032 by mid-March. Despite the bulls trying to hold this base, actively defending it for a month, the bearish pressure was too intense to overcome. 
 

Consequently, this level was reinstated as resistance by late April. The downtrend continued in the following months, pushing the altcoin to $0.020 by July. Past patterns of buyers losing critical levels repeated.

By August, the asset sought support at $0.013 while actively challenging $0.016. Nonetheless, it retreated to the former level in September.

At the time of writing, FLR was trading at $0.014. If seller dominance continues, the token might fall further to $0.012. A drop below this level would represent a significant valuation loss, as the token finds itself at the yearly low.
 

Contrastingly, the potential for FLR's price recovery and further growth hinges on the bulls' ability to counter the recent downturn. If a rally begins, the immediate target would be flipping $0.016 and $0.020, again turning the tides in bullish favor.

Sustained momentum over the latter would further fuel the rally, extending to the yearly high. However, overcoming this would necessitate significant investor backing.

Corroborating the bearish indicators, our predictive models offer a grim outlook for FLR's future. These models forecast a slow growth trajectory for the token, with an envisaged average trading price of $0.050 in 2032. Moreover, they posit that FLR could aim for an average price of $0.080 by 2034.

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

• The Awesome Oscillator (AO) climbed above the zero line in mid-December. The decline in positive values from mid-March pulled the indicator below zero by late June. It stood at -0.01196 at press time, reflecting bearish conditions.
• The Chaikin Money Flow (CMF) started ascending from the outset, culminating in it moving above the zero line by late January. However, this ascent was halted in late May as the indicator declined and turned negative by late June. Its latest observed value of -0.26 reflected a substantial outflow of money from the asset.
• The trading volume increased noticeably from late October until early December. Even as the price continued to rise, the volume did not support this ascent. The Q2 2024 downturn returned the volume to its earlier lows, underscoring the market's disinterest.