Flare (FLR) Catches Attention as Bitcoin Cools Off, Surging 21% in a Day

While BTC dipped under $95,000, Flare crypto surged earlier this week, gaining 21% daily. The native token of Flare Network jumped from $0.018 to $0.022

Flare (FLR) is catching attention as Bitcoin (BTC) cools off. While BTC dipped under $95,000, Flare crypto surged earlier this week, clocking a 21% daily gain.

The native token of Flare Network jumped from $0.018 to $0.022 on Sunday before pulling back slightly to $0.0199 today. Despite the drop, FLR remains up over 100% in the past month.

Flare crypto is a layer-1 blockchain focusing on secure, decentralized data for Web3. It supports smart contracts using Ethereum’s EVM and enables non-smart contract tokens, like XRP, BTC, and DOGE, to be used in DeFi through its FAssets system. FLR is focusing on governance, transactions, and collateral within this ecosystem.

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Momentum around Flare crypto is building thanks to recent upgrades and ecosystem expansion. The upcoming Flare 2.0 upgrade, which will allow staking of XRP and bridgeless DeFi access, has excited the community. This development makes using primary tokens like BTC and XRP easier without relying on third-party bridges.

Flare crypto has also seen a rise in ecosystem activity. DeFi TVL has climbed to nearly $23 million, supported by rFLR reward emissions. New infrastructure partners like Nansen, QuickNode, and Encode Club are joining the network. In a Google Cloud hackathon, Flare showcased blockchain-AI integration, and its SparkDEX Eternal, an on-chain perpetual DEX, launched recently.

Flare Crypto Price Analysis: Breakout Above Resistance, Pullback to Key Level

Looking at the daily chart, FLR broke above the 200-day moving average and the $0.020 zone: both critical resistance levels. The price reached $0.022 before rejecting from a previous supply area. Now, it is retesting the breakout zone around $0.0199-$0.0201.

If buyers defend this level, another push toward $0.025 may follow. However, a drop below $0.018 could risk a return to the $0.012 support zone.

$FLR has broken the sell wall.

The next sell wall is exist around $0.043.pic.twitter.com/2mAQHqSdPl

— CW (@CW8900) May 4, 2025

DISCOVER: Top Solana Meme Coins to Buy in May 2025

Solaxy (SOLX) Presale Booms Past $33 Million as Solana Holds $146 – The Layer-2 That Could Unleash Solana’s Full Potential

The broader altcoin market is showing signs of hesitation. Bitcoin (BTC/USD) slipped below $95,000, dragging overall sentiment down.

Bitcoin price is currently at $94,779, down from recent highs. Despite a lower-than-expected CPI reading, which should support a bullish case, crypto remains weak. Analysts point to political uncertainty, particularly the risk of aggressive tariffs, as a drag on investor confidence. The Fed faces a dilemma: inflation remains sticky, but markets are fragile.

While many coins struggle to find direction, some altcoins, like Flare (FLR) are flourishing even in this uncertain environment. At the same time, Solana (SOL) is holding steady around $146, showing resilience amid market volatility.

Solana remains in a key support zone around $146, with the next major resistance level at $160. But there’s something even bigger unfolding in the presale space with early investors flocking to Solaxy (SOLX), the first-ever Layer-2 chain designed specifically for Solana.

As the hype around speculative meme coins cools and the market becomes more cautious, smart money is flowing into projects with clear utility and purpose like Flore and Solaxy. Flore is focusing on decentralized identification and governance while Solaxy aims to solve one of Solana’s biggest problems—scalability.

Despite being one of the fastest blockchains, Solana has faced issues keeping up with demand, like the 17-hour outage in 2021 or recent slowdowns during periods of intense meme coin activity. The takeaway is clear: Solana needs help scaling.

Solana Needs a Second Engine — And Solaxy Delivers It

Enter Solaxy, which isn’t applying a temporary band-aid solution but rather acts as a turbocharged extension to process transactions off-chain and settle them on Solana in batches, enabling both speed and low fees even during periods of peak usage.

Solaxy’s presale has already raised over $33 million, a remarkable feat given the current market climate, which has become more cautious.

Currently, SOLX is available for just