$FIRO /USDT Analysis – Momentum Picking Up
$FIRO is trading at $2.301, gaining 8.90% in the past 24 hours. The price has surged from a low of $2.014, signaling a strong bullish trend backed by rising volume.
Bullish Target Points:
1. TP1: $2.35 (Immediate Resistance)
2. TP2: $2.45 (Next Resistance Zone)
Bearish Target Points:
1. TP1: $2.20 (Initial Support)
2. TP2: $2.014 (Key Support Level)
Market Insight
The RSI has risen to 78, indicating overbought conditions. However, the MACD shows upward momentum. A breakout above $2.35 could drive FIRO towards $2.45, while failure to sustain above $2.20 might lead to a pullback to $2.014.
Pro Tip:
Monitor the resistance zone closely for a breakout confirmation. Consider trailing stop-losses to secure profits in case of reversals.