šØ $FIRO /USDT Price Analysis: Is a Breakout Around the Corner? šØ
$FIRO /USDT is currently trading at $2.48, following a massive rally and subsequent correction after hitting a 24-hour high of $4.08. The token has gained 54.65% in the past day, but volatility remains high as the price consolidates near key levels.
Critical Levels to Watch:
Resistance Zone: $3.00 ā Breaking above this level could spark a bullish continuation, targeting the next key level at $3.50.
Support Zone: $2.00 ā A drop below this level might signal a bearish move, with the price likely testing $1.70 as the next support.
Trade Targets:
1. Target 1: $3.00 ā Short-term bullish breakout level.
2. Target 2: $3.50 ā Key mid-term resistance with potential for further rally if surpassed.
3. Target 3: $4.00 ā Major long-term target; breaking this would indicate significant bullish strength.
However, failure to hold the $2.00 support could lead to a downside move toward $1.70, so risk management is essential. Watch for high trading volume and momentum as indicators for the next move.
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