{"id":11710,"date":"2025-09-25T07:08:19","date_gmt":"2025-09-25T07:08:19","guid":{"rendered":"https:\/\/bitunikey.com\/news\/flare-flr-confirms-bullish-crossover-as-price-targets-20-rally\/"},"modified":"2025-09-25T07:08:23","modified_gmt":"2025-09-25T07:08:23","slug":"flare-flr-confirms-bullish-crossover-as-price-targets-20-rally","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/flare-flr-confirms-bullish-crossover-as-price-targets-20-rally\/","title":{"rendered":"Flare (FLR) confirms bullish crossover as price targets 20% rally"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">FLR price could be poised for more gains in the coming days after confirming a bullish SMA crossover on the daily chart.<\/p>\n<div id=\"cn-block-summary-block_9463f34fd4f1b804a02ad0fe37e6cb74\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>FLR price shot up to an 8-month high of $0.028 on Sep. 24.<\/li>\n<li>The token rallied following the debut of FXRP, the first live product of its FAssets protocol.<\/li>\n<li>A bullish crossover was confirmed on its daily chart.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Flare (FLR) rallied to an 8-month high of $0.028 on Sep. 24 before settling at $0.026 at the time of writing. At its present price, the altcoin is up 30% from its monthly low and 136% above its lowest point this year.<\/p>\n<p>FLR\u2019s surge today coincides with a significant spike in its daily trading volume, reflecting that demand among traders has surged. Over the past 24 hours, the token\u2019s trading volume rose more than 350%, with a similar jump in derivatives volume, which climbed 335% to $15.8 million, according to data from CoinGlass.<\/p>\n<p>During the same period, open interest in FLR\u2019s futures market rose 23.8%. When open interest rises alongside an upside move, it is typically a sign of a strong trend that is being supported by fresh liquidity.<\/p>\n<p>FLR\u2019s long\/short ratio at over 2.4 across all major time frames also confirms the bullish bias, as more traders were positioning for a bullish move.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Much of this enthusiasm stems from the launch of the first live instance of its FAssets protocol with FXRP. With this debut, XRP holders are able to mint a wrapped version of the XRP token on the Flare network that can be deployed across decentralized finance protocols.<\/p>\n<p>The development has helped improve the token\u2019s social sentiment, according to Santiment <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.santiment.net\/charts\/pHUbQPiB__sCl\" target=\"_blank\" rel=\"nofollow\">data<\/a>, and also likely drew the attention of the XRP community, which is known to be highly active in supporting projects that expand the utility of their native asset.<\/p>\n<h1 class=\"wp-block-heading\">FLR price analysis<\/h1>\n<p>On the daily chart, FLR price has broken out from its consolidation range of $0.023-0.025, within which it had been trading over the past week. The breakout suggests that bulls have grown dominant over the market as selling pressure waned following the FXRP news.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">FLR price confirmed a bullish crossover of the 20-day and 50-day SMAs on the daily chart \u2014 Sep. 25 | Source: crypto.news<\/figcaption><\/figure>\n<p>The 20-day simple moving average has now crossed above the 50-day SMA, which forms what is known as a bullish crossover in technical analysis. Traders typically view this as an early signal that the asset is beginning to move out of consolidation and into an uptrend.<\/p>\n<p>On top of that, momentum indicators like the MACD lines have pointed upwards. In technical analysis, this metric also points to the market gaining strength back after recent weakness.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1827\" height=\"888\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/09\/1758784099_793_Flare-FLR-confirms-bullish-crossover-as-price-targets-20-rally.png\" alt=\"FLR MACD and RSI chart.\" class=\"wp-image-14418971\"><figcaption class=\"wp-element-caption\">FLR MACD and RSI chart \u2014 Sep. 25 | Source: crypto.news<\/figcaption><\/figure>\n<p>With community sentiment currently supportive and the RSI yet to move into overbought territory, the possibility of an upside continuation remains on the table in the short term.<\/p>\n<p>Hence, FLR will most likely rally to $0.032, a target that aligns with the 61.8% Fibonacci retracement level. The target lies 23% above the current price level.<\/p>\n<p>Meanwhile, in case the bullish momentum surrounding FLR fades out, the key support for the token lies at $0.023, its 20-day SMA.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>FLR price could be poised for more gains in the coming days after confirming a bullish SMA crossover on the daily chart. Summary FLR price shot up to an 8-month&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11497,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11710"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11710\/revisions"}],"predecessor-version":[{"id":11711,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11710\/revisions\/11711"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11497"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}