FLRUSD Daily Outlook

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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