The $FRED token recorded a gain of 174% in 24 hours. After this strong increase, it is now trading around $0.0002057, bouncing from $0.0001500, a potential support. This level could now serve as the first base for a price consolidation.
๐ +174.63% (24h)
On the technical side, the MFI at 71 indicates that buyer interest is still present but has decreased after the recent pullback. Additionally, the volume has significantly decreased compared to the initial rise, which could indicate reduced trading activity.
Will the support hold โ
Overall, if the price manages to stay above this potential support, the next bullish targets are at $0.0005000 or on the median trend. Traders should closely monitor these key levels, as a breakout could indicate further correction.
โ ๏ธ Warning: This is not financial advice. Please do your own research (DYOR).
