The $FIO /USDT pair has seen a remarkable price increase, currently trading at $0.04745, up by 70.68% in the last 24 hours. This surge highlights FIO as one of the top gainers in the infrastructure sector. With a 24-hour high of $0.05140 and a low of $0.02724, the coin experienced a strong breakout above previous resistance levels, pushing it into new highs for the day. The trading volume of 1.36B FIO paired with 61.97M USDT shows robust activity, indicating heightened interest from both retail and institutional investors.
This sharp rise followed a consolidation period near $0.02476, which suggests the market was building momentum before this significant rally. The bullish trend remains strong, and if FIO can hold above the current support around $0.04296, we could see further upside potential. However, traders should be cautious of potential pullbacks after such rapid growth. As long as the bullish sentiment holds, there could be more opportunities to capitalize on both long trades and short retracements in this volatile environment.
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