FLR Primed for 26% Surge After Uphold Deal—Because Partnerships Always Fix Everything, Right?

Flare Networks’ token (FLR) is flashing bullish signals after inking a deal with trading platform Uphold—just what every altcoin needs to distract from macro headwinds.

The partnership could trigger a 26% breakout if historical patterns hold. But let’s be real: in crypto, ’partnership’ often means slapping logos together and hoping retail FOMO does the rest.

Still, liquidity access matters. Uphold’s 10M+ users now get easier FLR exposure, and the token’s recent consolidation suggests traders are betting the news moves needles. Whether it’s enough to override Bitcoin’s dominance remains to be seen—altcoins love a good narrative, but gravity tends to win.

FLR price analysis

On the daily FLR/USDT chart, the token has broken out from the upper boundary of a bull flag pattern that had been forming since early May, a classic bullish continuation setup.

FLR is also holding above its 50-day moving average, which is starting to curve upward. If it crosses above the 200-day SMA, it WOULD trigger a golden cross, often seen as a major bullish signal.

The MACD indicator is leaning bullish, with the MACD line (blue) on the verge of crossing above the signal line (orange), another potential buy trigger. 

Meanwhile, the Supertrend indicator has turned green and shifted below FLR’s current price, a signal traders often view as confirmation that the token is in an uptrend and could continue to rise if buying pressure holds.

With all these signals lining up, the next likely target for FLR is around $0.024, which would mark a 26% gain from current levels and lines up with the 50% Fibonacci retracement zone. 

If bullish momentum keeps up, especially with a golden cross confirmed, a run toward $0.034 is possible, which would retest FLR’s December 2024 high.

At press time, FLR was trending on Google as retail interest climbed following the Flare and Uphold partnership. This surge in attention could attract more buyers, helping to drive prices higher.

On the contrary, a drop below $0.016 could invalidate the current setup, which might push FLR back down toward the $0.011 support level, an area where buyers previously stepped in.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.