$FIRO
Binance Technical Analysis: FIRO/USDT - Price Action & Targets 🎯
🚀 Current Price: 2.423 USDT
📈 24h High: 2.840 USDT
📉 24h Low: 1.650 USDT
📊 24h Volume (FIRO): 11.68M
Technical Overview:
FIRO/USDT has shown impressive upward momentum, gaining +42.53% in the last 24 hours. The price has broken above the moving averages (MA), with key levels to watch closely. Based on current price action, here are the three key price targets to focus on for potential trades.
Key Levels & Targets 🎯
1. Target 1: 2.650 USDT (Short-Term Resistance)
Rationale: The price is consolidating near 2.423 USDT. If momentum continues, expect a breakout towards 2.650, which aligns with the resistance levels from the previous market cycle.
Trade Strategy: Look for a potential breakout above 2.423 for a continuation to 2.650.
2. Target 2: 2.840 USDT (24h High Resistance)
Rationale: The 24h high of 2.840 serves as a critical resistance level. This target is ideal for swing traders as it has already shown resistance in the past 24 hours.
Trade Strategy: Watch for a pullback and a solid confirmation before taking profits near this level.
3. Target 3: 3.000 USDT (Psychological Resistance)
Rationale: If bullish sentiment persists and the market breaks above 2.840, the next target would be the 3.000 USDT mark, a key psychological resistance.
Trade Strategy: Set stop-loss just below 2.840, allowing room for potential upside movement toward 3.000.
Moving Averages Analysis:
MA(7): 2.372
MA(25): 1.964
MA(99): 1.699
As FIRO/USDT trades above these moving averages, it signals a bullish trend. If the price holds above 2.372 (MA 7), we may see further upward momentum.
Conclusion:
FIRO/USDT is showing strong bullish momentum with key targets around 2.650, 2.840, and 3.000 USDT.