financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
Flare (FLR) Soars 70% This Month — What’s Fueling the Surge?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Flare (FLR) Soars 70% This Month — What’s Fueling the Surge?
Jul 23, 2025 12:06 PM

TL;DR

After months of consolidation, Flare is finally breaking out, reclaiming $0.024 support and targeting $0.037 resistance. Over $776M in FLR are now staked, shrinking supply and boosting long-term holder confidence across the network. TrustSwap and Team Finance integrations bring new tools for developers building on Flare’s ecosystem.

Clear Breakout After Months of Consolidation

Flare (FLR) has pushed above a long-term descending wedge that had capped prices since early 2025. A breakout was preceded by a period of sideways trading, and it indicated a change in market dynamics.

At the time of writing, FLR traded at $0.02712, reflecting a 68% rise over the past month. Daily trading volume also rocketed, jumping by almost 500% to a total of $102.77 million. Flare’s market capitalization now stands at $1.9 billion, showing renewed participation from both short-term traders and long-term holders.

Meanwhile, the price cleared $0.02426, which now acts as support. The next test comes at $0.02839. If buyers stay in control, targets could stretch to $0.032 and $0.03766 levels that saw heavy interest in late 2024.

Source: TradingView Short-term moving averages confirm a shift in trend. The 9-day EMA has crossed over the 21-day line. Directional Movement Index (DMI) signals are also bullish, with +DI at 51.67 and -DI drying up to 38.13. With an early trend developing and the readings at 4.27, the ADX, when it exceeds 20, may firm up.

Network Growth and On-Chain Metrics

Over 38.8 billion FLR tokens are now staked across the network, locking up nearly $776 million in value. Staking remains high, which decreases the liquid supply and promotes long-term holding.

The projects real-time oracle service, the Flare Time Series Oracle (FTSO), has expanded its role in powering decentralized data feeds. It now supports 60 live data streams, backed by 85 registered providers. Average block production time remains stable at 1.8 seconds.

Recent Integrations and Market Outlook

As CryptoPotato reported, Flare entered new partnerships with TrustSwap and Team Finance. These platforms give developers tools for raising capital, handling token logistics, and expanding reach during project launches.

Market watchers are now tracking resistance at $0.028 to $0.033. As analyst CW commented, 

“The next sell wall for $FLR is $0.028–$0.033.” He added, “A new stage begins with the breakthrough of convergence.” 

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Scam Sniffer Exposes Google Ad for Sony’s Soneium Blockchain as Crypto Wallet Drainer
Scam Sniffer Exposes Google Ad for Sony’s Soneium Blockchain as Crypto Wallet Drainer
Oct 22, 2024
A sponsored Google ad claiming to promote Sony’s blockchain project, Soneium, has been exposed as a crypto wallet drainer. This incident adds to the growing threat of wallet drainers that have plagued the crypto space. Google Ad Scam Targets Soneium’s Users In a post shared on October 22 via X by blockchain security firm Scam Sniffer, the firm detailed how...
Paul Tudor Jones Longs Bitcoin as ‘All Roads Lead to Inflation’
Paul Tudor Jones Longs Bitcoin as ‘All Roads Lead to Inflation’
Oct 22, 2024
The billionaire investor said that “all roads lead to inflation” in an interview with CNBC on Oct. 22. He added that he was long on gold and long on Bitcoin, stating that commodities are so “ridiculously under-owned.” “I probably have some basket of gold, Bitcoin, commodities, and Nasdaq, something like that. And I own zero fixed income. Im long gold, Im...
Chainlink Partners With Major Finance Firms on AI, Oracles, and Blockchain Data Solution Project
Chainlink Partners With Major Finance Firms on AI, Oracles, and Blockchain Data Solution Project
Oct 22, 2024
On Oct. 22, Chainling announced the results of its industry-wide corporate actions initiative involving major financial players such as Euroclear, Swift, UBS, Franklin Templeton, and Sygnum Bank. Blockchain ecosystem partners included Avalanche, ZKsync, and Hyperledger Besu networks. The oracle provider successfully demonstrated how artificial intelligence, oracles, and blockchains “can solve a decades-long unstructured data challenge in finance.” Automating Corporate Actions...
VanEck Europe Enables SOL Staking for its $73M Solana ETN
VanEck Europe Enables SOL Staking for its $73M Solana ETN
Oct 22, 2024
VanEck has introduced staking for its Solana Exchange Traded Note (ETN) in Europe, which currently has assets under management (AUM) totaling $73 million. The Solana ETN, which trades under the ticker VSOL, will now enable investors to benefit from staking rewards that will be accrued and reinvested daily. A Non-Custodial Staking Model The announcement was made by VanEck’s Head of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved