Flare records double-digit gains over the last 24 hours at press time, trading at $0.01990. The DeFi token created a bullish engulfing candle on Sunday, with a near 10% surge, crossing above its 200-day Exponential Moving Average (EMA) at $0.01908. With an intraday rise of over 3%, the uptrend exceeds a multi-month resistance trendline formed by peaks on December 3 and January 18, alongside multiple long-tailed candles in May.
Bitcoin price closed below the daily support level of $106,406 on Thursday and declined by 1.50% the following day. However, it recovered slightly during the weekend. At the time of writing on Monday, it trades at around $105,000. Suppose BTC faces resistance around the $106,406 daily level and continues its correction. It could extend the decline to revisit the psychologically important level of $100,000.
Ethereum (ETH) trades around $2,578 on Friday, down 2.6% on the day…
