🚨 $FIS /USDT: Testing Support at $0.4920 – Is a Rebound on the Horizon? 🚨
$FIS /USDT is trading at $0.4920 after retracing from its 24-hour high of $0.5800. The price has faced significant selling pressure but is now approaching a key support level near $0.4839, where buyers may step in for a rebound. If this level holds, traders can expect a potential bounce targeting resistance at $0.5000, followed by short-term levels at $0.5140 and $0.5300.
The RSI is at 27.5, signaling oversold conditions and indicating a possible reversal if buying pressure increases. However, the MACD remains bearish, reflecting cautious sentiment. Traders should monitor for a volume uptick and consider entries near the support zone, with a tight stop-loss at $0.4800 to manage downside risk.
With oversold signals aligning, FIS could soon regain upward momentum, making this an opportunity to watch closely.