The cryptocurrency market overall is showing a downturn, but the Flare token (FLR) stands out as it demonstrates growth in recent hours.
Overview of the Crypto Market
As of September 15, the crypto market cap is around $4.06 trillion. The Fear and Greed Index is at 51, indicating a neutral sentiment. Most assets are losing value, including Bitcoin and Ethereum.
Flare's Rise and Dynamics
Meanwhile, the Flare token (FLR) increased by more than 8.73% in the last 24 hours. At the start of the day, the asset was trading at $0.02268. Due to bullish pressure, the token tested the key resistance area between $0.02273 and $0.02486, reaching a high of $0.02491.
Prospects and Technical Analysis of FLR
If the trend continues, the asset could see additional gains. Currently, Flare is trading at approximately $0.02489, with a market cap of $1.83 billion. The FLR trading volume has exploded by over 233%, touching around $26.15 million. The price chart exhibits bullish presence, but the asset is in overbought territory, potentially signaling a consolidation or pullback.
Despite neutral sentiments in the crypto market, Flare shows positive trends. The future of its growth may depend on maintaining bullish pressure and reacting to key support and resistance levels.
