$FIDA
FIDA/USDT 4hr Time frame analysis š
1ļøā£ Trend Overview
The FIDA/USDT pair on the 4-hour chart shows a strong upward trend recently. The price has surged from a low of $0.1914 to approximately $0.2976, gaining over 23% in 24 hours š.
2ļøā£ Support & Resistance Levels
ā¢Key Support: $0.1914 (recent bottom) š”ļø
ā¢Resistance Levels:
ā¢Short-term resistance around $0.3109 āļø
ā¢Stronger resistance near $0.3663, the high from early October.
3ļøā£ Volume Analysis
Volume has significantly spiked during the price increase š. This indicates strong buying interest. The 24h Volume (FIDA) is around 257M, showing high market activity š¦.
4ļøā£ RSI (Relative Strength Index)
The RSI likely signals overbought conditions given the steep upward move š¤Æ. Keep an eye on potential profit-taking or minor pullbacks š.
5ļøā£ Moving Averages (MA)
ā¢The price is above critical moving averages, reinforcing bullish momentum š.
ā¢Exponential Moving Average (EMA) crossovers likely show continued upward strength.
6ļøā£ Bollinger Bands
Price has pushed to the upper Bollinger Band limit š¹, indicating it could be overextended short-term. Watch for potential retracement toward the mid-band ā ļø.
Final Take
FIDA/USDT shows strong bullish momentum, but traders should be cautious of short-term pullbacks as it approaches resistance š„. A break above $0.3109 could open the way to retest $0.3663. Stay sharp! āØ
