Date: Sun, July 20, 2025 | 05:40 PM GMT
The broader cryptocurrency market continues to ride a bullish wave, led by Ethereum (ETH), which has surged 26% over the past week and is now trading above $3,775. This surge in market sentiment is spilling over into promising altcoins — and Flare (FLR) is showing signs of further upside.
$FLR has posted a 3% gain in the last 24 hours, pushing its weekly rally to 21%. But beyond the numbers, a developing harmonic structure on the daily chart is catching traders’ eyes — a setup suggesting that the token may have more room to run.
Source: Coinmarketcap
Harmonic Pattern Hints at Bullish Continuation
On the daily timeframe, FLR is tracing a Bearish Bat harmonic pattern — a formation widely monitored by technical traders. Despite the “bearish” name, the CD leg of this pattern often marks a bullish continuation phase, where the price accelerates toward the final target zone before any chance of reversal.
The Bat pattern began at point X near $0.03287, slid to point A, bounced to point B, and then retraced down to point C near $0.01481. From there, FLR has mounted a solid rebound and is currently trading around $0.02062, steadily climbing along the CD leg toward its projected Point D.
Flare (FLR) Daily Chart/Coinsprobe (Source: Tradingview)
What’s Next for FLR?
If this harmonic setup completes, the Potential Reversal Zone (PRZ) lies between $0.03037 and $0.03287. These targets correspond to the 0.886 and 1.0 Fibonacci extensions, which are classic completion levels for a Bat pattern. From current prices, reaching this zone would mark an impressive up to 59% rally.
To maintain this outlook, FLR must continue holding above its 200-day moving average near $0.01889. A brief retest of this level is possible, but holding it as support will keep the bullish momentum alive.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
