{"id":5545,"date":"2025-07-23T13:43:01","date_gmt":"2025-07-23T13:43:01","guid":{"rendered":"https:\/\/bitunikey.com\/news\/flare-price-pops-as-a-key-metric-hits-ath-but-risks-remain\/"},"modified":"2025-07-23T13:43:10","modified_gmt":"2025-07-23T13:43:10","slug":"flare-price-pops-as-a-key-metric-hits-ath-but-risks-remain","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/flare-price-pops-as-a-key-metric-hits-ath-but-risks-remain\/","title":{"rendered":"Flare price pops as a key metric hits ATH, but risks remain"},"content":{"rendered":"
\n

The Flare crypto price gained momentum on Wednesday as demand increased and its futures open interest reached a record high.\u00a0<\/p>\n

Flare (FLR) token soared to a high of $0.0281, its highest level since Jan. 30, and over 157% from its lowest level this year. This surge has pushed its market capitalization to over $1.8 billion, and its 24-hour volume rose by 535% to $109 million.\u00a0<\/p>\n

Flare futures open interest hits all-time high<\/h2>\n

The Flare price accelerated this week as demand for the token jumped. Its daily volume in the spot market soared by 535%, making it one of the most actively traded tokens in the cryptocurrency market.<\/p>\n

Most notably, the same trend happened in the futures market, where its open interest rose to a record high of $10 million. This interest has been steadily increasing after bottoming at $1.7 million in February this year.\u00a0<\/p>\n

A surging open interest is a sign of high demand and liquidity, which is a highly bullish catalyst.\u00a0<\/p>\n

<\/source><\/p>\n<\/picture>
Flare crypto futures open interest | Source: CoinGlass<\/figcaption><\/figure>\n

<\/p>\n

FLR token price faces risk as funding rate turns negative<\/h2>\n

However, the ongoing Flare price jump faces some potential risks that may affect its recovery. First, data shows that the weighted funding rate<\/a> has remained in the red in the past few days.\u00a0<\/p>\n

A negative funding rate means that short position holders are paying long holders, leading to a high short interest. It signals that these traders anticipate the future price to be lower than the current one.\u00a0<\/p>\n

The other main risk is that Flare\u2019s ecosystem is not doing well despite the ongoing crypto market rally. For example, Tether\u2019s supply in the network has dropped by 23% in the last 30 days to $64 million. Similarly, the USD Coin supply has plunged by 30% to $18 million in the same period.\u00a0<\/p>\n

Flare\u2019s decentralized exchange volume<\/a> has also been in a downtrend in the past few months. The volume stands at $91 million this month, down from $122 million in June and $167 million in May.<\/p>\n

Flare crypto price technical analysis<\/h2>\n
<\/source>
\n\"Flare\n<\/picture>
Flare price chart | Source: crypto.news<\/figcaption><\/figure>\n

The daily chart indicates that the Flare price has experienced a strong surge over the past few days. This rally happened after it formed a falling wedge pattern, a popular bullish reversal sign. A wedge comprises two descending and converging trendlines.\u00a0<\/p>\n

The Flare crypto price has formed a golden cross as the 200-day and 50-day weighted moving averages have crossed each other. This crossover explains why it has experienced a recent surge.\u00a0<\/p>\n

The Relative Strength Index and the Stochastic Oscillator have both moved to the overbought level. Therefore, the token will likely pull back to the psychological point at $0.20 and then resume the uptrend.<\/p>\n

<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The Flare crypto price gained momentum on Wednesday as demand increased and its futures open interest reached a record high.\u00a0 Flare (FLR) token soared to a high of $0.0281, its…<\/p>\n","protected":false},"author":1,"featured_media":1686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5545","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\/5545","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=5545"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5545\/revisions"}],"predecessor-version":[{"id":5546,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5545\/revisions\/5546"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1686"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=5545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=5545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=5545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}