Below is the updated analysis of Solana Name Service (FIDA) as of May 12, 2025, including real-time price, technical analysis, and trading strategy.
🔍 Market Overview
• Current price: $0.103957 USD
• Daily volatility: High $0.108859 USD, Low $0.076499 USD
• 24h trading volume: Approximately $148.2 million USD
• Market capitalization: Approximately $103.76 million USD
FIDA has increased over 28% in the last 24 hours, reflecting a strong recovery after the price drop in early May.
📈 Technical Analysis
• Nearest resistance: $0.109101 USD
• Strong support: $0.103846 USD
• RSI (14): Currently neutral, indicating the market is neither overbought nor oversold.
• MACD: The MACD line crosses above the signal line, indicating a buy signal.
• ADX: Rising, indicating the current trend is strengthening.
The daily chart shows FIDA in an uptrend, with a 'Bullish Continuation' pattern signaling the potential for further price increases.
📰 Featured News
• SNS airdrop on May 13, 2025: The airdrop event of Solana Name Service is expected to attract significant attention from the community, potentially positively impacting FIDA's price.
• Impact from the SNS token launch: The launch of the SNS token caused price volatility for FIDA, with a drop of over 10% on May 6, 2025.
📊 Trading Strategy
Scenario 1 – Open Long Position
• Entry reason: Price breaks above the resistance level of $0.109101 with strong trading volume, confirming the uptrend.
• Entry Zone: $0.104000 – $0.106000
• Stop Loss (SL): $0.100000 (Below the nearest support)
• Take Profit (TP): $0.112000 – $0.115000
• Probability of success: 65% (Based on strong technical signals and inflows)
Scenario 2 – Open Short Position
• Entry reason: Price fails to maintain above the level of $0.109101 and shows signs of a downward reversal.
• Entry Zone: $0.108000 – $0.110000
• Stop Loss (SL): $0.112000 (Above the nearest resistance)
• Take Profit (TP): $0.103000 – $0.100000
• Probability of success: 55% (Based on the likelihood of correction after a strong uptrend)
Note: The market is in an excited state; tight risk management is needed, and technical signals should be closely monitored.
🔗 Trade FIDA
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