• FLR price jumps 28.10%, backed by rising RSI and positive MACD crossover.
  • Flare’s open interest hit $3.25M as volume spiked 631.12% to $53.15M, confirming renewed activity.

Flare (FLR), a layer 1 blockchain based on the Ethereum Virtual Machine has recorded a significant market movement in the last 24 hours. FLR has given out divergent signals on the daily chart, with some tossing a positive sentiment towards a brief rebound. By April 10, 2025, the price is $0.01450 which has surged by a 28% increase from the previous trading session.

Technical Analysis: RSI and MACD Indicators

According to TradingView data, the Relative Strength Index (RSI) currently stands at 50.76, slightly above the neutral 50 level. This comes after crossing an oversold signal of 36.12 attained earlier in the week.

Flare Records 28% Surge as Price Action Hints Extended Recovery image 0 FLR/USDT Daily Price Chart (Source: TradingView )


An RSI of 50 suggests that the current momentum is recovering but still is not considered as bullish. If the RSI climbs up further and tops 60, it would signal a higher level of bullish momentum. Nevertheless, trading below 50 on the indicator might present sentiments that the rebound is not very strong.

On the Moving Average Convergence Divergence (MACD) indicator, there is a slight bullish crossover as the MACD line is at 0.00019 while the signal line is at -0.00090. The histogram is increasing, indicating the bullish pressure, while the MACD line is very close to the zero level. This means the token has entered into a possible upside breakout pattern, though it has no substantial confirmation yet. 

For a confirmed shift, traders would look for sustained positive divergence and a more significant gap between the MACD and signal lines. Price action shows resistance near the $0.01584 mark, which coincides with the upper wick of the recent spike.If it fails to break and close above this level, it will pull back towards the $0.01200 support zone. Some momentum indicators suggest that these markets are already in the process of coming back, although further signs will be required.

Open Interest and Price Performance

Open interest, a metric that tracks a token’s open futures has shown a uniform movement. Tracking coinglass data for FLR Futures Open Interest from April 6, 2024, to the time of press, it is notable that the open interest was reading at  $3.25 million. Throughout the observed period, open interest fluctuated, reaching higher peaks in late 2024. 

Flare Records 28% Surge as Price Action Hints Extended Recovery image 1 Source: Coinglass

Open interest experienced substantial growth in the October and December 2024 period reaching near $8 million levels. The values remained at steady lower points from January through April 2025. Price movements within FLR tracked the trend of rising open interest which produced corresponding price spikes. 

These market trends appear in both trading activity metrics as well as market participant numbers. Total activity in FLR futures remains active based on market interest wave patterns which produce significant spikes. CoinMarketCap data indicates FLR maintains a current price of $0.01450 which represents a 28.10% surge throughout the past 24 hours. 

Flare Records 28% Surge as Price Action Hints Extended Recovery image 2 Source: CoinMarketCap

The market capitalization is $913.23 million, reflecting a 28.19% rise. Trading volume has surged by 631.12%, reaching $53.15 million within the past day. The circulating supply of FLR is 62.94 billion out of a total supply of 103.25 billion.

Highlighted Crypto News

Binance Announces Second Batch of “Vote to Delist” For Community Input