$BIFI /USDT TECHNICAL ANALYSIS: STRONG SHORT-TERM REBOUND, BUT MAJOR RESISTANCE NEAR $180
$BIFI /USDT pair is showing a solid +9.88% gain in the last 24 hours, currently priced at $162.3 after hitting a high of $181.9. Despite longer-term weakness, today’s bounce suggests a short-term bullish reversal, supported by a decent volume of 9,175.59 BIFI and $1.48M in USDT.
Key Technical Insights:
Immediate Resistance:
The price is approaching key resistance at $180.00,
A breakout above this could drive momentum toward $190.00 – $195.00.
Support Zones:
Closest support sits at $160.00,
Stronger support near $150.00 – $145.00, the recent base zone.
Volume & Momentum:
The rise in volume and sharp upward candles on the 1H chart reflect buyer confidence,
But RSI indicators may soon signal overbought conditions, so caution near $180 is advised.
Trend Outlook:
While the long-term trend remains bearish (down over 50% YoY), short-term structure is shifting bullish. A higher low and breakout above $170 confirms temporary reversal.
Market Outlook:
As long as BIFI stays above $160.00, the short-term outlook remains bullish. A breakout and hold above $180.00 could lead to a push toward $190.00. However, failure to break resistance may bring a retest of $155.00 – $150.00 support.
Trend Bias: Short-Term Bullish
Key Resistance: $180.00
Target if Breakout: $190.00 – $195.00
Support Levels: $160.00 and $150.00
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