$FIRO
FIRO/USDT — Technical Analysis for December 27, 2024
💥 Support:
$2.00 — the nearest level, the breakout of which will increase bearish pressure.
$1.85 — a strong zone that can stop further decline.
🚀 Resistance:
$2.52 — a key level, the breakout of which will strengthen the uptrend.
$2.85 — the next target for buyers in case of sustainable growth.
🕯 Candlestick analysis:
The last daily candle is green (growth +14.50%), indicating an upward trend.
Opening price: $1.918
Maximum: $2.529
Minimum: $1.856
Closing: $2.195
The body of the candle is long, with small shadows, which demonstrates high buying interest.
📝 Trend:
The closing price of $2.195 is above MA(7) ($2.024), MA(25) ($1.914) and MA(99) ($1.841). This confirms the short-term uptrend.
The trading volume was $5.95 million, which indicates significant interest from market participants.
💡 Forecast:
A consolidation above $2.52 may lead to a test of $2.85.
A return below $2.00 may lead to a decline to $1.85.
⚠️ This is not a financial recommendation. Conduct your own analysis.