Flare Price Prediction: FLR Is Top Weekly Gainer After 42% Surge As Experts Say This Other Meme Coin Might Be The Next Crypto To Explode

The Flare price surged by 6% in the last 24 hours and 42% in a week to trade at $0.031 as of 4:30 a.m. EST.

That latter jump made FLR the top weekly gainer among major cryptos, though the increases pales in comparison with the 72% jump in the FLR price over the past month.

The price surge is likely driven in the main by its recent partnership with the tech giant, Google. Google has started operating a validator node on Flare, which caused many in the crypto community to develop a strong interest in the project.

Since #Google has begun its journey with #Flare, both $FLR & $SGB are performing well! pic.twitter.com/kqy738LQV5

— Yoda Jr (@JYoda) February 3, 2024

While FLR price at the time of writing sits at $0.031, it did briefly reach a high point at $0.03375 several hours earlier. The token hit an ATH on Jan. 10 last year of $0.0797.

Flare Price Prognosis

So where will the Flare price go from here? The token’s Bollinger bands have started seeing a slight narrowing, which is not a cause for concern just yet. However, since the FLR price saw a rejection from a resistance at $0.032, this is neither unusual nor a reason to engage in panic selling.

FLR also saw its Relative Strength Index (RSI) level dip in the last 24 hours, going from the overbought zone at 73.80 to a far more neutral zone at 52.

Combined with the fact that Bollinger bands are still quite wide, especially compared to their state throughout January, it is reasonable to assume that the token is not done yet.

Should the buyers reengage and increase the bullish pressure again, FLR price will return to the resistance at $0.032 with ease. But if the price continues to drop under the bearish influence, it will go to the support at $0.030, and should this level break, the next support will be waiting at $0.028.

Promising Alternatives To Flare

While the Flare price skyrocketed in the past several weeks, many in the trading community believe that Sponge V2 is an even better opportunity for gains.

As the name suggests, Sponge V2 is the new version of a project called Sponge, which saw a massive 100x pump in 2023. The project is now trying to build a new, bigger and better alternative and provide those who missed the initial pump with a second chance.

When life gives you water, grab a $SPONGE!

Absorb that damp!! 💧💰#SpongeV2 #MemeCoin #AltSeason pic.twitter.com/tvuVBm6d8t

— $SPONGE (@spongeoneth) January 30, 2024

Apart from allowing users to purchase its SPONGE token with ETH, USDT, or directly via credit or debit card, Sponge V2 also allows users to stake their Sponge V1 tokens and receive Sponge V2 as rewards.

So far, the total number of staked and bridged tokens has exceeded $3.9 million, and the figure continues to grow as new and old users rush to buy or stake their SPONGE.

https://www.youtube.com/watch?v=IAQPhjZUcgE

But time is running out before the meme coin is launched on multiple major exchanges, so buy now if you are interested before it’s too late.

Visit Sponge V2 here.

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