Flare (FLR) Rally 68% on Institutional Deals and Staking
Flare (FLR) don surge 68% dis month, come climb from $0.015 reach peak $0.02712 as trading volume dey rise and institution partnership dey. Daily volume jump reach $102.8 million, market cap near $1.9 billion. Earlier for May, FLR don gain 9.6% reach $0.0251 after FAssets Incentive Program launch.
The project interoperability stack wey dey powered by State Connector and Flare Time Series Oracle (FTSO), dey support 60 live data streams and 85 data providers. On-chain data show say over 38.8 billion FLR don staked, locking $776 million and supply tight.
Flare ecosystem don expand wit $100 million XRP deployment with VivoPower for institution yield, partnership wit Uphold for XRPFi suite, and integration wit SparkDEX, TrustSwap, Team Finance, and Tether’s USD₮. BitGo custody solution now cover FLR and SGB for US and Europe.
Technically, FLR break out from long-term descending wedge, take back support at $0.024. Resistance dey at $0.028–$0.037, 9-day EMA don cross above 21-day EMA and bullish DMI readings dey confirm the trend. If e no fit hold $0.022–$0.023 zone, e fit trigger correction. Traders still dey bullish on more FLR price upside.
Bullish
Di kombinesehn of strong institutional partnerships, big staking lock-ups and sharp technical breakout dey signal say FLR get bullish momentum both short term and long term. Short term traders go likely dey chase gains afta di 68% rally and record volume spike, while institutional deployments and new custody solutions show say demand go continue. Di tightening circulating supply from locked staking positions dey support price to go up well well, making dis one bullish setup for FLR.