๐ $FIDA /USDT Market Update: Is a Breakout Looming? ๐
Looking at the current FIDA/USDT 4-hour chart, we are seeing some interesting price action that every swing trader should keep an eye on!
Key Technical Observations:
Consolidation Zone: FIDA has been moving within a tight range, respecting a solid support level around $0.027 - $0.029.
Bullish Divergence? While the price has been flat, the RSI is starting to show signs of a slow recovery from oversold conditions.
Volume Spike: Weโve noticed a slight uptick in volume over the last few sessions, suggesting that buyers are beginning to accumulate at these discount levels.
The Strategy:
Resistance to Watch: A clean break above the $0.035 mark could confirm a trend reversal and open the doors for a move toward $0.043+.
Support Level: As long as FIDA holds above $0.027, the bullish structure remains intact.
โ ๏ธ Reminder: The market is currently showing a "Strong Sell" on some moving averages, so don't FOMO! Wait for a confirmed breakout or buy in stages.
Whatโs your take? Is FIDA ready for a moon mission or another dip? Letโs discuss in the comments! ๐
#FIDA #Bonfida #TradingSignals #CryptoAnalysis #BinanceSquare $FIDA
