Flare (FLR) Rallies 68% on Institutional Deals and Staking
Flare (FLR) has surged 68% this month, climbing from $0.015 to a peak of $0.02712 amid rising trading volume and institutional partnerships. Daily volume jumped to $102.8 million, while market cap neared $1.9 billion. Earlier in May, FLR had gained 9.6% to $0.0251 following the launch of the FAssets Incentive Program.
The project’s interoperability stack, powered by the State Connector and Flare Time Series Oracle (FTSO), now supports 60 live data streams and 85 data providers. On-chain data show over 38.8 billion FLR staked, locking $776 million and tightening circulating supply.
Flare’s ecosystem expanded with a $100 million XRP deployment with VivoPower for institutional yield, an Uphold partnership for the XRPFi suite, and integrations with SparkDEX, TrustSwap, Team Finance, and Tether’s USD₮. BitGo custody solutions now cover FLR and SGB in the US and Europe.
Technically, FLR broke out of a long-term descending wedge, reclaiming support at $0.024. Resistance lies at $0.028–$0.037, with the 9-day EMA crossing above the 21-day EMA and bullish DMI readings confirming the trend. Failure to hold the $0.022–$0.023 zone could trigger corrections. Traders remain bullish on further FLR price upside.
Bullish
The combination of strong institutional partnerships, significant staking lock‐ups and a decisive technical breakout signals bullish momentum for FLR in both the short and long term. Short-term traders are likely to chase gains following the 68% rally and record volume spike, while institutional deployments and new custody solutions suggest sustained demand. The tightening circulating supply from locked staking positions further supports upward price pressure, making this a bullish setup for FLR.