FIRO BTC Firo Technical Analysis

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By Frans van Elst

Firo logo In this Firo technical analysis, we will examine the current price action, trading volume, key levels and indicators for FIRO-BTC. Firo is a privacy-focused blockchain that utilizes a novel consensus algorithm called “Proof of View” to incentivize node participation and secure the network. Its unique features include zk-SNARKs-based privacy preservation and a decentralized governance system, making it an attractive option for users seeking enhanced confidentiality and security in their cryptocurrency transactions. With its emphasis on privacy and decentralization, Firo is poised to offer a distinct alternative to existing blockchain platforms.

Firo Price Overview:

As of May 12, 2024, Firo is trading at approximately 3e-05 BTC. Let’s dive into the detailed price action for FIRO-BTC:

Envision bearish outlook for Firo (FIROBTC) at 2.52e-05 BTC with weakened support and cautionary indicators, revealed in technical analysis.

Metric Value
Open (O) 3e-05
High (H) 3e-05
Low (L) 3e-05
Close (C) 3e-05
Volume (C) 15,693.30
  • Open (O): The opening price for today’s trading session was approximately 3e-05 BTC.
  • High (H): Firo reached a daily high of around 3e-05 BTC.
  • Low (L): The daily low for FIRO-BTC was approximately 3e-05 BTC.
  • Close (C): At the time of analysis, Firo is trading near its daily close of 3e-05 BTC.
Metric Value
1D Change (%) -0.43%
3D Change (%) 1.24%
7D Change (%) -3.37%
30D Change (%) -1.10%
90D Change (%) -26.36%
YTD Change (%) -52.86%

Over the past three days, FIROBTC has increased by approximately 1.24%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -3.37%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FIROBTC maintaining a downward trend of approximately -1.10%, despite intermittent fluctuations. Examining the last 90 days, FIROBTC has witnessed substantial drop of approximately -26.36%, reflecting strong long-term confidence. Year-to-date, FIROBTC has steadily decreased by around -52.86%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Firo Live Chart:

You can access a live price chart for FIRO-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.92645.
  • Momentum score is -0.06523.

FIRO BTC Technical Analysis

Firo Trading Volume:

The trading volume for Firo (FIRO) over the past 24 hours has been insignificant, with approximately 15,693.30 BTC traded against FIRO. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): FIRO is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Firo is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for FIRO-BTC is currently in the neutral zone, around 45.26819. This suggests that Firo is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Firo (FIRO-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Envision bearish outlook for Firo (FIROBTC) at 2.52e-05 BTC with weakened support and cautionary indicators, revealed in technical analysis.

Dive into the details with our in-depth analysis on FIRO USDT Firo Technical Analysis; you won’t want to miss it if you found this post interesting.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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