Flare's cryptocurrency, FLR, experienced a notable rise following the FAssets v1.3 upgrade, which simplified the FXRP minting process for XRP users. The upgrade, launched on May 14, allowed XRP holders to mint FXRP with a single transaction, enhancing liquidity flow into the Flare ecosystem. Despite this positive development, FLR's price saw a sharp pullback after reaching a local high of nearly $0.01, dropping approximately 8.3% as traders locked in profits. Traders are now closely monitoring the $0.0086 support level, a critical area that has historically served as both support and resistance throughout 2026. The MACD indicator on the weekly chart suggests increasing momentum, although it remains below the zero line, indicating a bearish bias. Short-term technical indicators, however, show a stronger outlook, with FLR forming a robust uptrend structure. The broader market's volatility, influenced by Bitcoin's recent drop below $80,000, adds pressure on FLR, making the $0.0086 level crucial for potential recovery.