Flare (FLR) Price Prediction 2024-2030: Will FLR Price Hit $0.05 Soon?

• Bullish Flare (FLR) price prediction ranges from $0.025 to $0.05.
• Analysis suggests that the FLR price might reach above $0.045.
• The FLR bearish market price prediction for 2024 is $0.013.

What is Flare (FLR)?

Flare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that are interoperable with blockchains and the internet. By providing decentralized access to high-integrity data, Flare enables new use cases and monetization models.

Flare’s native interoperability protocols, the State Connector and the FTSO are secured by the network itself. Furthermore, it allows it to reliably deliver data from a wide variety of off-chain sources in a decentralized way.

The Flare Time Series Oracle delivers highly-decentralized price and data feeds to Dapps on Flare, without relying on centralized providers.

The State Connector protocols enable information, both from other blockchains and the internet to be used securely, scalably, and trustlessly with smart contracts on Flare.

Risk is minimized by building this decentralized data infrastructure natively into the blockchain, powered by a large number of independent data providers.

By incentivizing sets of independent providers to query, acquire, and process data without relying on single, centralized sources, Flare’s core protocols can facilitate the development of interoperable Dapps with a broad range of potential innovative use cases.

FLR is the native token used for payments, transaction fees to prevent spam attacks, and staking in validator nodes. FLR can also be wrapped into an ERC-20 variant, WFLR. WFLR tokens serve various functions; they can be delegated to FTSO data providers, for example, or staked to participate in governance. These two uses are not mutually exclusive and do not prevent the tokens from being used in other EVM-compatible Dapps and smart contracts on Flare.

Wrapped FLR (WFLR) can be minted by depositing native FLR tokens into a smart contract and withdrawing the newly minted WFLR.

Flare (FLR) Market Overview

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Flare (FLR) Current Market Status

The maximum supply of Flare (FLR) is unavailable, while its circulating supply is 32,530,095,928 FLR, according to CoinMarketCap. At the time of writing, FLR is trading at $0.02047 representing 24 hours increase of 15%. The trading volume of FLR in the past 24 hours is $121,859,589 which represents a 1431.% increase.

Some top cryptocurrency exchanges for trading are  Kucoin. Coinbase, Kraken and Bitstamp.

Now that you know FLR and its current market status, we shall discuss the price analysis of Flare (FLR) for 2024.

Flare (FLR) Price Analysis 2024

Currently, FLR ranks 91 on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will Flare’s most recent improvements, additions, and modifications help its price rise? First, let’s focus on the charts in this article’s FLR price forecast.

Flare (FLR) Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence and Divergence indicators use two exponential moving averages (ema)  to find how the cryptocurrency is doing. Usually, the longer EMA is the 26-Day EMA and the shorter is the 12-Day EMA. The MACD is found by reducing the 12-day EMA from the 26-day EMA. If the MACD is positive that means the crypto is performing but if it’s negative, then it is losing value.

The above chart shows instances when the MACD was in the positive and negative regions. When the 12-day EMA is above the 26-day EMA or greater than the 26-day EMA, the MACD will be always in the positive region. On the flip side, the MACD will be negative when the 12-day EMA is below or less than the 26-day EMA. Currently, the MACD is in the positive region and reads a value of 0.000997 and the line seems to be moving in the upward direction.  

FLR is trading above both moving averages, as such it is bullish. There is also a possibility that if the market corrects the prices, there is a high chance that FLR could fall for support on the 12-Day EMA. Moreover, there could have been another crossover where the 26-day EMA could have crossed the 12-day EMA from below.

Flare (FLR) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.

The green rectangles in the above chart show instances where the prices traded above the SMA and under it. When the prices are above the SMA, it means that FLR is performing better than the average while the opposite is true for FLR when it is under the SMA. 

It could be seen that currently, FLR is gaining value. It has gone above the upper band and the market has declared that Flare is overbought. As such, there is a high chance of the market correcting the prices and FLR could shed some value. 

Moreover, as per the Standard deviation theory that governs the Bollinger bands, a data set within 2 standard deviations has a 95% chance of falling back into the normal trading range. However, cryptocurrencies do not always obey this thesis. Hence, it would interesting to see how the markets react in this scenario. 

Additionally, the Bollinger band width percentile reads a value of 94.84% and it is at the threshold of widening to its maximum level. In the event a correction occurs, then gaping bands could contract.   

Flare (FLR) Price Analysis – Relative Strength Index 

The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions. 

When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold, many are selling, as such, its price is undervalued.

The above chart shows two different instances where the RSI was above and below the Signal line. When the RSI is above the Signal line, FLR is bullish while when the RSI is below the Signal line, FLR is bearish. 

The RSI could also be used to find out divergences. For instance, when the crypto makes a higher high, the RSI should also make a higher high. Nonetheless, when the RSI makes a lower high when the crypto makes a higher high, then, it is called a divergence. In the above-mentioned scenario, it is treated as a bearish divergence.

The Connors RSI is an indicator that has three aspects integrated into it. The RSI, the Up/Down Length, and the Rate of Change (ROC). Currently, the Connors RSI reeds a value of 26 and the line is on the verge of entering the oversold region.   

The Relative Strength of the price has just crossed below the overbought region. It reads a value of 62.45 while the relative volume reads a value of 40. The volume moving average in yellow reads a  value of 36.95 and it is heading upwards, there could be more volume coming for FLR in the future. 

Flare (FLR) Price Prediction 2024-2030 Overview

Year	Minimum Price	Average Price	Maximum Price
2024	$0.032	$0.045	$0.060
2025	$0.075	$0.19	$0.125
2026	$0.19	$0.23	$0.40
2027	$0.67	$0.9	$1.5
2028	$1.25	$1.75	$2.25
2029	$2.5	$3.5	$4.5
2030	$2	$2.8	$3.2
2040	$2.1	$4	$5
2050	$6	$7.5	$9

Flare (FLR) Price Prediction 2024

The above chart shows that FLR is currently on an uptrend rising along the broken line. The trend is such that every time FLR strayed upwards from the line, there was sideways movement until the FLR intersected the line and thereafter followed the diagonal movement. 

Currently, FLR is at a higher elevation than the line. If FLR follows the previous trend then there is a high chance that there could be some consolidation coming in the near future before FLR starts to rise. The predictive trend and structure could be used to supplement this thesis. 

However, after the consolidation when Flare starts to rise, it has the potential to reach resistance 3 at $0.042. Nonetheless, it needs to break the resistance at levels 1 and 2. 

The moving regression bands which are associated with the qualities of a Bollinger band suggest that there could be a correction of the prices. 

In the event the correction of prices turns into a bearish trend, FLR could be aiming at landing on support 1 at $0.016, or if support 1 is broken, then, it may seek the help of support 2 at $0.012-0.014. 

When looking at the overall picture for Flare, the predictive channels are sloping downwards. Since November 2023, the trend has been rather bearish. The red highlighted section shows how far Flare has strayed from the predicted trend. 

However, Flare currently seems to be recovering as it is moving closer to the resistance level or the red line as shown in the chart above. 

Flare (FLR) Price Prediction – Resistance and Support Levels

The above chart shows how FLR’s fall was intercepted by the support level close to $0.03 in March 2023. Thereafter, the token ricocheted off of it and reached resistance at $0.046 in March 2023 before falling again. This time Flare reached the bottom support level at $0.014 and was consolidating along this for some time before starting to gain value once again. Since FLR has reached the bottom support level, there is a chance that it could rise again. 

The strong support zones are near the $0.026-$0.028 level. And the strong resistance levels are near $0.038 and $0.046.

Flare (FLR) Price Prediction 2025

Flare may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, Flare will continue to rise in 2025 forming new resistance levels. It is expected that Flare would trade beyond the $0.19 level.

Flare (FLR) Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, Flare could tumble into its support regions. During this period of price correction, Flare could lose momentum and be way below its 2025 price. As such it could be trading at $0.23 by 2026. 

Flare (FLR) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there’ll be a dip in price before the excitement will be reciprocated in Flare. As such we could expect Flare to trade at around $0.9 by the end of 2027.

Flare (FLR) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, Flare may reciprocate its past behavior during the BTC halving. Hence, Flare would be trading at $1.75 after experiencing a considerable surge by the end of 2028. 

Flare (FLR) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, Flare could be trading at $3.5 by the end of 2029.

Flare (FLR) Price Prediction 2030

After witnessing a bullish run in the market, Flare and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, Flare could be trading at $2.8.

Flare (FLR) Price Prediction 2040

The long-term forecast for Flare indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. 

If they start selling then Flare could fall in value. It is expected that the average price of Flare could reach $4 by 2040.

Flare (FLR) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, Flare could hit $7.5. 

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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