$FIDA
1. Price Movement and Volatility
1-day performance: +8.24% shows short-term positive momentum.7-day performance: +14.86% indicates that the price has been rallying in the past week.1-month performance: -11.96% signals recent losses, suggesting caution for traders focused on short-term gains.All-time high: The price is currently down by 99.55% from its all-time high of $59.61. This could imply potential for growth if the project regains popularity, but it also highlights significant risk.All-time low: FIDA bounced back by 94.55% since its all-time low in September 2023, showing recent recovery potential.2. Volume and Market Cap
24-hour volume: $56.84M with a 26.57% decrease. This drop suggests reduced trading activity, but the Vol/Mkt Cap ratio of 79.19% indicates that FIDA is still being actively traded relative to its market cap.Market cap: $65.30M, with an 8.28% increase, indicates growing interest and investment, though it remains a relatively small-cap token.
3. Circulating Supply
FIDA's circulating supply is 248.62M with a total supply of 990.91M, implying that only about 25% of the total supply is in circulation. Be aware that the remaining tokens could potentially be released, which might impact the price.
4. Entry and Exit Strategy
The recent price low was $0.233 with a high of $0.2728 within 24 hours. Traders might consider setting buy orders near support levels and selling near resistance for short-term trades.Long-term holders should monitor key technical indicators or news around Solana Name Service and the broader Solana ecosystem.
5. Risk Factors
High volatility: $FIDA has seen major fluctuations in price, losing almost 12% in a month but gaining nearly 15% in a week. Traders need to manage risk carefully, potentially using stop-loss strategies.Lack of max supply: There's no max supply listed, so inflationary risks are possible if more tokens are introduced into the market.
6. Project Fundamentals
FIDA is tied to the Solana Name Service, part of the Solana ecosystem. Success and development in the Solana network can positively impact FIDA.Social sentiment and community engagement around the project can drive prices. It is recommended to follow their social channels and monitor news related to Solana and the decentralized domain name space.
Final Thoughts:
Short-term traders: Can capitalize on price swings, especially with high volume and volatility.Long-term investors: Should focus on the potential recovery and growth of the Solana ecosystem while staying cautious of the token’s large total supply and overall market risks.
By managing risks and staying updated with market trends, $FIDA could present opportunities for both short-term traders and long-term holders.
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