FIDA/USDT Analysis - 4-Hour Frame for Short-Term Traders
The FIDA/USDT pair has shown a clear rebound from the support level of 0.0834 after a several-day downtrend. Currently, it is trading at 0.0917, up +5.89% in the past 24 hours.
Key Technical Points:
The price has breached the short moving average (shown in purple), indicating the beginning of a reversal on the 4-hour frame.
The MACD indicator shows convergence between the signal lines, supporting the likelihood of a positive momentum shift.
Important support at 0.0834; if maintained, we may see an upward continuation.
Nearby resistance is at 0.0957, followed by stronger resistance at 0.1089.
Potential Targets:
First target: 0.0957
Second target: 0.1089 (if positive momentum continues)
Third extended target: 0.1200 (previous peak)
