$FIDA : IS THE SNS GOVERNANCE SHIFT A 'SELL' SIGNAL OR THE BIGGEST MISPRICING IN DEFI?
As an expert with 15 years in the game, let's cut through the Binance Square noise on
$FIDA .
The chart reality is brutal: The daily timeframe is flashing a Strong Sell signal, and the price is barely holding above the critical support zone of $0.043. This isn't just a temporary dip—it reflects structural concerns.
The Fundamental Shift:
The biggest factor is the migration of core governance and utility from
$FIDA to the new SNS token. This significantly reduced FIDA's role, leaving a utility gap.
The Bullish Counter-Argument:
However, Bonfida is key Solana infrastructure (Name Service, Audaces). The underlying ecosystem, with .sol domain registrations, is still growing rapidly. The question for all strategic traders is: Can this ecosystem growth drive new demand for
$FIDA 's remaining utilities (like privileged fee structures and registration discounts) hard enough to overcome the governance dilution?
Don't trade the hype. Trade the fundamentals and the levels. $0.043 is the line in the sand.
#FIDA #Solana #SNS #Web3 #TA
#Altcoin 🔥 Expert Insight & Call to Action:
Will the value accrual shift entirely to the SNS token, or is $
$FIDA oised to pivot into a new utility narrative? Drop your analysis! If you're trading this, what is your mandatory FIDA op-loss?