FLR, a Layer-1 (L1) cryptocurrency, has surged by 19% in the last 24 hours, making it the top performer in the cryptocurrency market today. This uptrend continues a week-long rally, propelling FLR to a new weekly high of $0.018, representing a 57% increase over the past seven days.
The recent bullish momentum for FLR has been evident since April 9, with the coin achieving new daily highs. The Relative Strength Index (RSI) for FLR currently stands at 67.13, indicating a positive market sentiment and suggesting further potential for price appreciation before reaching overbought levels.
Notably, the Awesome Oscillator (AO) for FLR has experienced a bullish trend, with the histogram bars rising above the zero line for the first time since January 26. This indicates growing optimism and potential price gains among FLR investors.
Although FLR has broken through a key resistance level at $0.016, future price movements will depend on whether this level holds as strong support. If sustained, FLR could target $0.021; however, profit-taking activities may lead to a price correction below $0.016, potentially dropping towards $0.010.