Shine Price Prediction: FLR is the biggest winner of the week after gaining 42%, experts say another memecoin could be the next explosive cryptocurrency

Flare is up 6% in the last 24 hours and 42% in the week, trading at $0.031 per share as of 4:30 AM ET.
Although FLR is up 72% from last month, the surge makes it the biggest weekly gainer among the major cryptocurrencies.
The price increase was likely driven primarily by the partnership with tech giant Google, which has begun operating a validator node on Flare, leading to a lot of interest in the project among the cryptocurrency community.
Although the current FLR price is $0.031, it briefly reached a high of $0.03375 a few hours ago. The coin hit an all-time high of $0.0797 on January 10 last year.
Flare Price Prediction
So where is Flare’s price headed? The token’s Bollinger Bands are beginning to contract slightly, which is not cause for concern. However, as the FLR price was rejected at the $0.032 resistance level, this is neither unusual nor a reason for panic selling.
FLR’s relative strength index (RSI) has also declined over the past 24 hours, falling from overbought territory at 73.80 to neutral territory at 52.
Considering that the Bollinger Bands are still quite wide, especially when compared to how they were in January, it is reasonable to assume that the coin is not done yet.
If the buyers re-engage and increase the bullish pressure again, the FLR price will easily return to the $0.032 resistance level. But if the price continues to fall under the influence of the bears, it will return to the $0.030 support level, and if this level is breached, the next support will await at $0.028.
Promising alternative to Flare
Although Flare’s price has risen significantly over the past few weeks, many in the trading community believe that Sponge V2 is a better opportunity to profit.
As the name suggests, Sponge V2 is a new version of a project called Sponge that experienced a massive 100x rally in 2023. The project is now trying to build a new, bigger and better replacement and give a second chance to those who missed out on the initial rally.
When life gives you water, grab $SPONGE!
Soak up that moisture!
#SpongeV2
#MemeCoin
#AltSeason
pic.twitter.com/tvuVBm6d8t
— $SPONGE (@spongeoneth)
January 30, 2024
In addition to allowing users to purchase their SPONGE tokens using ETH, USDT, or directly via a credit or debit card, Sponge V2 also allows users to stake their Sponge V1 tokens and receive Sponge V2 as a reward.
The total amount of tokens staked and bridged to date is over $3.9 million, and this number continues to grow as new and existing users rush to purchase or stake their SPONGE.
But time is running out before this memecoin gets listed on multiple major exchanges, so if you’re interested, buy it now before it’s too late.
Click here to access Sponge V2.
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