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Flare is an EVM smart contract platform with two enshrined data acquisition protocols.
It has two two data acquisition protocols which are secured by the layer 1 network.
The Flare Time Series Oracle (FTSO) delivers highly decentralized time series data feeds to dapps on Flare.
The Data Connector enables Flare to safely and trustlessly come to a consensus over an event that has taken place externally to the network.
The FAssets system is being developed by Flare Labs.
Flare Networks -
Flare is the main network where $FLR is the native currency
Songbird is the canary network, where $SGB is the native currency.
Coston- Songbird’s test network
Coston 2- Flare’s Test network
FLRUSD showed a minor pullback after a major correction.
Any daily close above $0.3250 confirms further bullishness.
FLRUSD gained more than 35% in the past two days. The pair holds above the short-term (21 and 55 EMA) and below the long-term moving average in the 4-hour chart. It hit a high of $0.0180 and is currently trading around $0.01725.
The bullish invalidation can happen if the pair closes below $0.0130. On the lower side, the near-term support is $0.0160.Any close below targets $2/$1.495.
The pair's near-term resistance is around $0.020. Any breach above confirms minor bullishness. A jump to $0.0250/$0.030/$0.03250 is possible. A surge past $0.0325 will take it to $0.050.
It is good to buy on dips around $0.0150 with SL around $0.0130 for TP of $0.030.
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