$FIRO /USDT Analysis Bullish Momentum Building.....
$FIRO is trading at $1.228, showing a +4.87% gain over the past 24 hours. The token hit a 24-hour high of $1.289 and a low of $1.141, signaling strong recovery momentum from recent dips.
Key Levels to Watch
Resistance: $1.290 – Breaking this level could confirm a bullish continuation.
Support: $1.140 – Maintaining this support is critical to avoid a reversal.
Trade Setup
Entry Zone: $1.220–$1.230 – Ideal for entering after confirmation of support holding.
Stop-Loss: Below $1.140 to limit risk.
Targets
1. $1.260 (Short-Term)
2. $1.290 (Mid-Term)
3. $1.320 (Extended Target)
Technical Indicators
RSI: At 57.80, reflecting mild bullish sentiment with room for further upside.
MACD: Positive, though momentum remains moderate, indicating a slow but steady bullish trend.
Market Insight
FIRO is showing promising signs of recovery after holding its recent low of $1.141. The RSI and MACD indicators suggest moderate bullish momentum, but a break above $1.290 is essential to sustain an upward trend. Failure to clear this resistance could lead to sideways movement or a retest of $1.140.
Pro Tip: Monitor buying volume at key resistance zones to gauge breakout strength. Tight risk management is advised due to moderate volatility.