The $FIDA /USDT pair has recently demonstrated a clear rebound from the key support level of 0.0834 following a prolonged downtrend. Currently trading at 0.0917, the pair has gained 5.89% in the past 24 hours, signaling a potential shift in short-term momentum. A notable bullish sign is the price breaching the short moving average (shown in purple) on the 4-hour time frame, indicating the early stages of a possible trend reversal.
Additionally, the MACD indicator shows convergence between the signal lines, reinforcing the likelihood of a positive momentum shift. If the support at 0.0834 holds, the price may continue to climb. Immediate resistance is seen at 0.0957, followed by a stronger resistance level at 0.1089. Should the bullish momentum persist, a further extended target could be 0.1200, which marks a previous peak. These levels present potential opportunities for short-term traders, with careful attention to support sustainability and overall market sentiment.
