Flare Price Soars 33% Amid Google Cloud Announcement
The Flare price has surged by 33% in the last 24 hours to reach $0.0222, accompanied by a massive 1,215% increase in trading volume. This surge was triggered by a major announcement by Google, indicating that Google Cloud plans to join the Flare network as a Validator.
Google Cloud To Join Flare As A Validator
Google Cloud recently entered the Flare blockchain system as an infrastructure provider to uphold the Flare network and participate in the Flare Time Series Oracle. This development demonstrates the growing support for blockchain technology among major tech companies.
Flare Price Prediction As FLR Confronts The 200-day EMA
Following the 33% surge, the Flare price faced resistance from the 200-day Exponential Moving Average (EMA) at $0.0262 after being overbought. If the bears prevail, the Flare price could face a decline, breaking through key support levels.
Converse Case
Despite the resistance, the bulls are still active in the FLR market, based on the outlook of the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD) indicator. Increased buying pressure could help the FLR price overcome the resistance levels and potentially reach higher price points as bull runs continue.
Promising Alternative To Flare
Investors looking for a promising alternative to Flare can consider LPX, the native cryptocurrency for the Launchpad XYZ ecosystem. LPX offers an investment opportunity for traders looking to capitalize on the next exponential trade.
Hot Take
Crypto enthusiasts continue to see significant growth in the sector, as major tech players like Google Cloud announce plans to join blockchain networks. The surge in Flare price, accompanied by the introduction of Google Cloud as a Validator, reflects the increasing integration of blockchain technology across industries.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.