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Flare rises 8.8% on mainnet upgrade, then dips amid sell-the-news and Bitcoin volatility.

Technical Signals
17 May 2026
AMBCrypto
View Source
Neutral
pluang ai news

Flare (FLR) surged 8.8% following the launch of the FAssets v1.3 mainnet upgrade, which simplifies minting FXRP tokens for Ripple users and boosts adoption potential. However, the price fell 8.3% after hitting a local high, reflecting a sell-the-news reaction. Technical indicators show mixed signals: a short-term uptrend with potential pullbacks, but the longer-term trend remains bearish. Bitcoin's drop below $80k adds uncertainty, likely increasing volatility for Flare and other altcoins in the near term.

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