$FIDA
🚀 $FIDA /USDT
: Confirmation of trend reversal - Increasing momentum! 🟢
Current price: $0.1180
Time frame: 4-hour chart
Key notes:
Exit from the downtrend:
FIDA has broken out of a downward channel that lasted for several months. This indicates the potential beginning of a new uptrend.
Formation of a golden cross:
The 20 and 50 moving averages cross above the 200 moving average, which is a traditional bullish signal that often triggers new buying.
Sharp increase in trading volume:
The recent move is supported by a significant increase in trading volume, indicating institutional interest or whale accumulation.
Previous resistance flip:
The $0.10-$0.11 area has been strong resistance for months. It is now turning into support, opening the door for higher targets.
Targets:
Target 1: $0.13 (first test of local resistance)
Target 2: $0.16 (midpoint of the overall range)
Target 3: $0.22 🏁 (full bullish extension, major structural resistance)
Support area:
The main support range is now $0.10-$0.11.
As long as FIDA remains above this area, the bullish structure will remain intact.
Summary:
FIDA has officially transitioned from accumulation mode to breakout mode.
If this momentum continues, the path to $0.22 will be realistic in the coming weeks.
Retracements are likely, but the bulls are currently in control. 🐂
