Flare crypto price technical analysis.

The daily chart indicates that the Flare price has experienced a strong surge over the past few days. This rally happened after it formed a falling wedge pattern, a popular bullish reversal sign. A wedge comprises two descending and converging trendlines. 

The Flare crypto price has formed a golden cross as the 200-day and 50-day weighted moving averages have crossed each other. This crossover explains why it has experienced a recent surge. 

The Relative Strength Index and the Stochastic Oscillator have both moved to the overbought level. Therefore, the token will likely pull back to the psychological point at $0.20 and then resume the uptrend.