I’m tracking $FIDA again, and the price has dropped quite a bit since my last update. It slipped down to a low of 0.02136 before seeing a small bounce, and right now it's struggling to clear the short-term moving averages.
On the 1-hour chart, the price is sitting around 0.02316, staying well below both the EMA(21) and EMA(44), which are acting as overhead resistance. Looking closer at the 15-minute chart, we caught a minor bounce from 0.02268, pushing the RSI out of deeply oversold territory up to 39.47, but the overall momentum still feels heavy. I'm waiting to see if it can cleanly reclaim the 0.02370 area before assuming this bounce has any real strength, otherwise we might just retest the recent lows.
Click the chart below to trade:
Note: This is just my personal observation and not financial advice. Crypto is volatile, so do your own research.
Let me know what you guys think about this setup in the comments!
On the 1-hour chart, the price is sitting around 0.02316, staying well below both the EMA(21) and EMA(44), which are acting as overhead resistance. Looking closer at the 15-minute chart, we caught a minor bounce from 0.02268, pushing the RSI out of deeply oversold territory up to 39.47, but the overall momentum still feels heavy. I'm waiting to see if it can cleanly reclaim the 0.02370 area before assuming this bounce has any real strength, otherwise we might just retest the recent lows.
Click the chart below to trade:
Note: This is just my personal observation and not financial advice. Crypto is volatile, so do your own research.
Let me know what you guys think about this setup in the comments!