$FIDA FIDA/USDT Analysis๐ต๐ฐ๐ฅ
Current Price: $0.3428, showing a +20.07% increase in the last 24 hours.
24h High: $0.3672
24h Low: $0.2798
24h Volume:๐ธ๐
FIDA Volume: 302.59 million FIDA
USDT Volume: $100.38 million
Moving Averages (MA):๐
MA(7): $0.3380
MA(25): $0.3153
MA(99): $0.2781
Support and Resistance Levels:๐
Support Level: $0.2798 (24h low)
Resistance Level: $0.3672 (24h high)
Market Depth and Volume:๐ฏ
The large 24h trading volume of over 300 million FIDA shows significant interest and liquidity in the market, with the price experiencing a strong upward movement.
Analysis:๐ฒ
FIDA has gained considerable momentum, with a 20.07% increase in the past 24 hours. Trading above its 7-day and 25-day moving averages suggests bullish sentiment, while the 99-day moving average indicates solid long-term support around $0.2781. If the price continues to hold above $0.3380, it could push toward the $0.3672 resistance level again.
Trading Strategy:๐ค
1. Entry Point: Look for entries around $0.3300 in case of minor pullbacks.
2. Target: A breakout above $0.3672 could pave the way for a move toward $0.3800 or higher.
3. Stop-Loss: A stop-loss below $0.3000 to minimize downside risk.
Conclusion:๐ต
FIDA/USDT is exhibiting strong bullish activity, driven by robust trading volumes. A sustained break above $0.3672 may lead to continued upward momentum, while support around $0.2798 provides a safety net for potential pullbacks.
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