$FIO /USDT ⚠️ Rejection at $0.053 – Watch for a Retest of Support!
Current Price: $0.05098 (+7.06%)
24h High: $0.05300
24h Low: $0.04661
Key Levels to Watch:
Resistance: $0.0530
Support: $0.0500 / $0.0485
Technical Outlook:
FIO/USDT faced rejection near the $0.053 resistance, signaling possible short-term weakness. If the price breaks below $0.0500, a retest of $0.0485 is likely before bulls attempt another push.
Trade Considerations:
Short-term View: Watch for a pullback toward $0.0500
Targets: $0.0485 (support) or a bounce back toward $0.0530
Stop Loss: Below $0.0480
Volume Insight:
With over 101M FIO traded, strong market participation exists, but sellers are currently resisting further upward movement.
Risk Management Tip: Monitor price action near $0.0500 – a break could lead to short-term downside; a bounce could present fresh bullish momentum.
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