FLR prints god candle on Flare 2.0 hype as risk sentiment improves

FLR has formed a god God today, leaving its downward trend of several months in the midst of the media threshing of investors around a next upgrade to the network.

Burst (Flor) rallied 51.8% to an intra -day summit of $ 0.0167 while bringing market capitalization to more than $ 927 million from press time. Its rally came with increased commercial activity, its daily negotiation volume increasing by 622% to more than 52.5 million dollars, while the open interest in its UN Market is from $ 3.11 million.

FLR rallied after the developers of Flare Network teased a next double -level level Flare 2.0.

According to an official job Explaining the update, the objective is to extend the Flare consensus layer to several channels, not only by puncturing the assets, but allowing real control in the protocol on other channels via a new system called portfolio managed by protocol.

According to the announcement, the cases of immediate use are built on the new architecture include V2 assets, which allows users to bring tokens like XRP, BTC and DOGE in Defi without risk of bridge, and the implementation of XRP, which allows XRP holders to win the performance by contributing to services based on Flare.

An official deployment date for upgrading has not yet been announced, but the community seems to have prices in the potential impact early.

Supported by an increased interest in trader, FLR also started on Google, reflecting the growing attention of retail. According to health data, the weighted social feeling of the token has switched to positive, which is generally a sign that the community becomes more optimistic about the short -term perspectives of FLR.

The FLR rally was also supported by an improvement in the feeling of risk in broader markets, following news that the United States had Aggressive pricing policies in break For a period of 3 months while reducing the reciprocal rates to 10%.

The market capitalization of cryptography recovered from 5% to more than 2.68 billions of dollars earlier during the day. The main altcoins like Ethereum (Ethn), XRP (Xrp), Solana (GROUND) and Dogine (DOGE) recorded gains between 7 and 10%.

Analysis of thrust prices

Technical indicators represent a positive perspective for short -term FLR.

On the daily delay, FLR recently tested the upper limit of a parallel channel model which was maintaining Altcoin in a downward trend since the beginning of December last year.

In the technical analysis, a strong rupture on the upper side of such a model generally leads to more sustained earnings in the following days.

The MacD line was crossed over the signal line, another sign of a trend reversal. Meanwhile, the relative resistance index exceeded the neutral point at 52, which means that the purchase of the pressure begins to win on the sale, adding additional confirmation to a potential FLR break.

The next probable target for FLR is $ 0.0314, its annual summit, a break above which the bulls could help the bulls challenge the level of psychological resistance of $ 0.035, which it did not succeed in December from last year.

However, a break below on the lower side of the mentioned pattern could invalidate the current bullish configuration, potentially triggering a correction to the support area from 0.012 to $ 0.011.