Flare (FLR) Near Historic Lows As Bullish Breakout Targets $0.18

Flare is starting to appear on the radar again as some market observers highlight its role in the next stage of tokenized finance. On Feb 11, market commentator CasiTrades described Flare as one of the most underrated projects in crypto, pointing to its focus on making tokenized assets actually useful once they exist on-chain.

Whereas other networks, such as XRPL, are expanding into tokenization, lending, and institutional adoption, Flare seeks to be the layer that increases the utility of the network through smart contracts, yield, and interoperability.

The development is underway to ensure that it becomes an execution layer where the tokenized assets can flow between the ecosystems and generate activity rather than remaining idle. This concept has received continuous support, especially given the development stage that is taking place when the price remains historically weak.

Chart Structure Signals Compression Near Key Demand

From a technical standpoint, FLR/USD has remained in a long period of consolidation ever since it began. The price has been compressed for the last 2.5 years, ranging around its all-time lows of $0.009 to $0.010.

The daily chart depicts a falling wedge, which is a strong indication of a bullish reversal. The price continues to make lower highs, but it also makes higher lows, thus compressing the price range. The long lower wicks near the current support level show that buyers are protecting this level.

Fibonacci retracement levels indicate various levels of support for an upside breakout. The initial strong resistance level is approximately $0.025 to $0.026. Further resistance levels are at $0.032 and $0.037, followed by wider resistance areas around $0.044 and $0.050, where investors could take profits.

CasiTrades also provided extension levels around $0.135 and $0.18 if the long-term compression continues upwards, as Flare Network has never experienced a complete trend cycle.

Flare Weekly Trend Still Weak Despite Base-Building Signs

According to TradingView data, FLR is currently at $0.0095 on the weekly chart. It has remained in a definite downtrend since the peak in mid-2024. After it was no longer possible to maintain a price above the $0.04 to $0.05 level, the price has been moving back to the previous accumulation range.

The figures indicate weakness. Pullback levels are approximately 84.93%, which makes FLR a highly retraced asset, while runup levels remain close to zero, indicating that there has been little strong follow-through yet.

The levels of $0.0080 to $0.0090 remain key. If the price closes the week below these levels, further weakness may develop towards $0.006 to $0.007. For a genuine breakout, FLR will have to close above $0.012 to $0.014 again, then overcome $0.018.

Also Read: Flare Network Enters FLR Utility Era After 36-Month FlareDrops