$FIRO has shown a stagnant price change of 0% in the past 24 hours, indicating low volatility.
With Bollinger Bands indicating a tight range, traders should expect limited movement until a clear breakout occurs.
Current support at 0.255 and resistance at 0.56 highlight key levels to watch as the downtrend persists.
Macroeconomic factors like inflation and regulatory uncertainty continue to weigh heavily on the broader cryptocurrency market.
Bitcoin's current undefined influence suggests that FIRO's movements may not be closely tied to BTC at this time.
Traders might consider a short-term trading approach due to the lower volatility environment, waiting for clearer signals.
Ultimately, investors should remain vigilant to news events that could shift market sentiment unexpectedly.
