Flare Price Analysis: FLR Dumps Hard - What's Driving the Crash?

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Flare’s Price went up in June to $0.1942, but then it went down to $0.1190 on August 17. At the time of writing, FLR is trading at $0.1356, which has increased around 2% in the last 24 hours. In the past 24 hours, investors traded about $3.55 million, more than 3% higher than before.

The FLR’s price has also increased by 6% over the last week. But the price of FLR has decreased by over 3% over the last month.

This could be a good time to buy at a low price and make money when the market increases. If FLR can go higher than $0.1470, it might aim for $0.1590. But to keep doing well, the price has to stay above $0.1470.

Flare’s Daily Chart Movements

Look at the daily chart that shows how the price of FLR is changing. The price might face resistance at $0.1470. If it goes above that point, the price could increase even more. But if it can’t go above that point, it might drop to around $0.1300, a support level.

Source: TradingView Daily Chart FLR/USDT

Remember these important points when looking at the chart: there might be resistance at $0.1470 and $0.1590 that could make the price stop going up, and the price could find support at $0.1300.

It may rise in the next few weeks and reach $0.1510 or even more if the price stays above the moving averages for 50 and 100 days.

According to the moving averages and the RSI level around 50, the price might go up shortly. RSI-14 and $0.1300 are important support levels. The price could increase if it breaks the resistance level of $0.1470 and the RSI-14 exceeds the 60 level.

Stop-loss orders are also a smart way to protect your investment from large losses.

Flare (FLR) Statistics:

FLR’s Price – $0.1355
FLR Market cap – $309.03 Million
FLR Circulating supply – 22,803,991,387 FLR
FLR Total supply – 100,559,787,198 FLR
FLR CoinMarketCap ranking – 98

Alternative to Flare (FLR)

Meet Sonik Coin: A special cryptocurrency that’s like meme coins. This project aims to be worth $100 million in a short period of time. Inspired by Sonic the Hedgehog, the Sonik Coin is a unique meme that rewards you for holding onto it.

The Sonik project has a neat way to make money called “annual percentage yield” (APY). It’s an important part of $SONIK’s plan for success. It’s the first cryptocurrency that rewards you for staking!

You can start staking your coins and earning rewards right away. Sonik kept 40% of all tokens for community staking rewards over four years.

With a goal of only $2 million, Sonik Coin could become popular soon. Get ready for fun and a chance to earn rewards!

Sonik’s Pathway: Staking, Presale, and a Road to Prosperity

Sonik has a strong chance to do well through staking, which might attract more buyers. Staking also helps by making sales lower when Sonik goes on Uniswap, making buyers feel better.

Decide about investing sooner rather than later. The presale could end in just two weeks or even less. Sonik has already raised around $455,000 in the presale.

Stay updated on Sonik news and be the first to learn about listings by following them on Twitter and joining their Telegram group.

Wake Up, Be fast, Buy $SONIK
💨https://t.co/s1fTdXEosi pic.twitter.com/mNgPMrV9MQ

— SONIK COIN (@Sonikcoin) August 24, 2023

Sonik is unique because a famous video game character inspires it and has fun memes. The website’s funny characters show how creative the artists behind Sonik and Friends are.

We can’t exactly say how much Sonik‘s value will increase, so deciding quickly is important to maybe gain from its growth. It wants to mix enjoyment with earnings.

If Sonik’s value goes up 50 or even 100 times, a $1,000 investment could become $50,000 or even $100,000.

There are about 300 billion Sonik tokens, and they move fast. Crypto experts on YouTube think $SONIK might grow by 10 times or even more.

Sonik’s Rise in Asia: Thriving Amidst a Crypto Boom

Sonik might gain popularity in Asia because it’s connected to the creators of Sonic the Hedgehog, even though it’s not officially from Sega’s Sonic character. It wants to attract people who like crypto in Japan and other Asian countries.

The Sonik website will soon have Japanese, Simplified Chinese, and Korean translations to reach this audience. Asia has a lively crypto market, which makes it an exciting place for Sonik to expand.

When thinking about investing in a presale, security matters a lot. Sonik takes security seriously and checks its smart contract thoroughly, setting it apart from many other meme coins.

The security report will soon be on the website for everyone to read. The presale for Sonik is fair. Tokens will be sold to the public for 50%, kept for rewards for 40%, and reserved for exchange liquidity for 10%.

Sonik can be purchased on Uniswap DEX once the presale is over. To get the tokens, you will need ETH or USDT. Link your wallet to the Sonik website to make the purchase, but do it fast to avoid missing out.

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