Market Overview

The FIRO/USDT pair has seen a negative change of -4.14% over the last 24 hours, with the current price at $1.99. The high of the period was $2.118, while the low reached $1.853. The traded volume in FIRO was 4,065,539.50, totaling $7,916,037.57 in USDT.

Technical Indicators

  • RSI (6): 67,42

  • RSI (12): 55,167

  • RSI (24): 51,82

The RSI (Relative Strength Index) is an important indicator for identifying overbought or oversold conditions in the market. With an RSI (6) at 67.42, the market is close to an overbought state in the short term. However, the RSI (12) and RSI (24) values ​​show a more neutral trend in the medium term.

Market Capitalization and Dominance

  • Fully Diluted Capitalization: $41.7M

  • Market Dominance: 0.0008%

  • Volume/Market Capitalization: 42.58%

A high ratio of volume to capitalization indicates significant activity in the market, which is a positive sign of liquidity.

Price and Support Analysis

At its current price of $1.99, FIRO is closer to its immediate support, identified by the low of $1.853, than to its resistance at the high of $2.118. This approach to support suggests increased selling pressure, which could indicate a bearish scenario if the support is broken. However, the asset’s history reveals its all-time high of $169.99 in 2017 and a low of $0.275 in 2016, highlighting the volatility of the market.

Market Sentiment

While short-term indicators suggest mild optimism with the RSI (6) pointing to an overbought zone, the negative change of -4.14% and the falling price indicate dominant selling pressure. The high volume can be interpreted as an increase in trader participation, which reinforces the uncertainty about the future direction.

Conclusion: Bullish or Bearish? $FIRO

Based on the data from the last 24 hours, the current scenario for FIRO/USDT is predominantly bearish. The -4.14% drop in price, coupled with the proximity of support and a more neutral RSI on higher time frames, suggests that the market may continue to face selling pressure in the short term. For a bullish move to be confirmed, a break of the $2,118 resistance would be required, accompanied by an increase in the RSI (12) and RSI (24).

Traders should monitor support at $1,853 and look for signs of a reversal or breakout before making decisions based on current conditions.