FIRO (Firo, formerly Zcoin) is priced between $2.27 and $2.31, with an increase of over 40% in the past 24 hours, showing significant trading volatility.

Today's Market Performance

• Price Range: FIRO reached a high of $3.57 today and a low of $1.61, demonstrating substantial market volatility.

• Market Cap and Supply:

• Market cap is approximately $33.16M, ranking outside the top 1100 in market capitalization.

• Circulating supply is 14.45M, with a total supply cap of 21.4M.

FIRO has recently performed well, with a 30-day increase of over 90%, primarily driven by enhanced privacy features and concentrated market attention. However, market sentiment is facing reversal pressure, as high volatility may trigger some investors to take short-term profits.

Currently, investors are paying attention to FIRO's technical features:

1. Enhanced Privacy: FIRO utilizes zero-knowledge proof-based anonymous technology zk-SNARKs, further optimizing transaction privacy and is one of the representatives in the privacy coin field.

2. Competing with Mainstream Privacy Coins: Compared to XMR (Monero) and others, FIRO is in a stage with a smaller market cap but greater growth potential.

3. Significant Short-term Speculation: The extremely high trading volume and volatility in the past 24 hours indicate a rapid flow of large amounts of capital.

Strategy Analysis

• Short-term Trading: The current volatility is suitable for short-term trading, focusing on the stability of the price uptrend.

• Support and Resistance: Short-term support is expected in the $2.00-$2.10 range, with resistance near $3.50. If the resistance level is broken, it may further rise to the next key point of $4.00.

• Long-term Value: If optimistic about the development of privacy coins and blockchain technology, one can gradually accumulate FIRO on dips, but be wary of potential regulatory risks that privacy coins may face.