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The Flare price has soared 9% in the last 24 hours to trade at $0.01932 as of 1:24 a.m. EST on a 161% pump in trading volume to $27.8 million.
Flare Price Still Bullish, Pushing For A Trend Continuation
The 4-hour chart of the FLR price shows a significant shift in market sentiment. For several weeks, the Flare price was trapped within a falling channel pattern, defined by consistent lower highs and lower lows.
This pattern indicated a prevailing bearish trend. However, Flare price action recently broke out decisively above the upper boundary of the channel.
The breakout was accompanied by a strong green candle that drove through both the 50 and 200 Simple Moving Averages (SMAs) on the 4-hour chart, suggesting a powerful bullish reversal.
That breakout came after the price of Flare found solid support in the $0.01635 demand zone, which had previously acted as a strong accumulation area.
From there, a sharp V-shaped recovery formed, closing in the breakout and rally that brought Flare to the $0.01930 level.
The breakout also coincided with the retest of a previous resistance zone around $0.02000, which may now act as the next critical barrier, as GeckoTerminal data shows.
Meanwhile, the Relative Strength Index (RSI) is now at 69.43, hovering just below the overbought threshold of 70.
This suggests strong bullish momentum, although it also signals that the asset is nearing a level where short-term pullbacks may occur.
Given the breakout from the falling channel, the short- to mid-term outlook for the FLR price appears bullish.
If the price of FLR can hold above the $0.01890 region, there is a strong probability of a retest of the $0.02000 resistance zone. A successful breach of this level could open the door for further gains toward $0.02150 and possibly $0.02200.
However, in the event of a pullback, the $0.01800–$0.01820 area, where the 50 SMA lies, should act as the first line of support. Deeper corrections could revisit the breakout point near $0.01750.
In the meantime, investors are rushing to buy Best Wallet (BEST), which a popular YouTube channel, 99Bitcoins, with over 723K subscribers, says is one of the cryptos that could potentially soar 100X after launch.
Best Wallet Presale Nears $13 – Best Crypto To Buy Now?
Best Wallet, a non-custodial, multi-chain wallet, has raised over $12.9 million in its ongoing presale, with daily inflows signaling strong investor confidence.
Launched in late 2024, Best Wallet has rapidly gained traction, boasting over 250,000 monthly active users. Its sleek, user-friendly interface supports more than 60 blockchains. This includes Bitcoin, Ethereum, and soon Solana, making it a one-stop hub for investors looking to manage diverse crypto portfolios.
The wallet also integrates with over 200 decentralized exchanges (DEXs) and 20 cross-chain bridges, ensuring competitive pricing and seamless transactions.
In today's video, learn about Best Wallet's multi-wallet view feature! ⭐
Learn how to browse your wallets, create and import wallets, and how to manage all your assets from one view. 👁️
Check out our Youtube for more helpful videos.
👉 https://t.co/Cx50pQCeMl pic.twitter.com/jbe6qalQZm— Best Wallet (@BestWalletHQ) May 29, 2025
What sets Best Wallet apart is its ecosystem, which is powered by the BEST token. Holders unlock additional perks such as reduced trading fees, enhanced staking rewards, currently offering a dynamic 111% APY, and governance rights.
The wallet’s “Upcoming Tokens” feature is a game-changer and has already spotlighted presale gems like Pepe Unchained (PEPU), which surged 700%, and Catslap (SLAP), which skyrocketed 7,000% at its peak.
Best Wallet also caters to iGaming enthusiasts. It offers exclusive perks like free spins and deposit bonuses through partnerships with top platforms.
Its crypto debit card, Best Card, enables real-world spending as well, while fiat on-ramping via MoonPay and Alchemy Pay supports over 100 currencies.
Security is a top priority, with Best Wallet leveraging Fireblocks’ MPC-CMP technology and a Coinsult audit confirming its robust code. No KYC requirements further enhance user privacy, appealing to Web3 purists.
With the presale nearing the $13 million milestone, investors can buy BEST via the official website or app using ETH, USDT, or a bank card.
Priced at $0.025115, BEST tokens are set for a price hike in around 11 hours. Therefore, investors that want to lock in the best presale rate will want to act fast.
Visit the Best Wallet website to learn more.
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Best Wallet - Diversify Your Crypto Portfolio
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