Flare (FLR) has caught the market’s attention this week, posting an impressive 57% gain over the past seven days and pushing through a key resistance level at $0.016. Currently trading at around $0.017, the token’s strong performance has been underpinned by bullish technical signals—but is a pullback looming?

Momentum Builds, But RSI Nears Red Zone

FLR’s Relative Strength Index (RSI) is hovering at 67—just shy of the 70 mark that typically signals an overbought asset. This indicates a strong bullish trend, but also a warning: if buying pressure cools or profit-taking begins, a short-term correction could follow.

Awesome Oscillator Turns Green for First Time Since January

For the first time in nearly two months, the Awesome Oscillator has flipped positive, with rising histogram bars showing increasing upward momentum. This confirms that the recent rally is gaining strength—not just a fleeting bounce.

Next Resistance in Sight: $0.021

With FLR now holding above the former resistance of $0.016, the next target lies at $0.021. Holding this new support could encourage a further leg up—but if the RSI tips over 70, traders may start to take profits, dragging the price back toward $0.010.

Bottom Line

Flare is showing serious bullish potential, backed by positive technical indicators and fresh market enthusiasm. However, the current RSI level suggests caution in the short term. Whether FLR can sustain this momentum—or faces a healthy cooldown—will depend on how the market reacts around the $0.016 level.

This article is not financial advice or an investment recommendation. Always do your own research before making trading decisions.