In this Firo technical analysis, we will examine the current price action, trading volume, key levels and indicators for FIRO-USDT. Firo is a privacy-focused cryptocurrency that utilizes a novel consensus algorithm called “Proof of View” to incentivize node participation and secure the network. With its innovative approach to blockchain security, Firo aims to provide users with enhanced transactional privacy and scalability. Additionally, Firo’s unique governance structure allows holders of the cryptocurrency to have a direct say in the development and decision-making process of the project.
Firo Price Overview:
As of December 05, 2023, Firo is trading at approximately 2.01 USDT. Let’s dive into the detailed price action for FIRO-USDT:
| Metric | Value |
|---|---|
| Open (O) | 1.977 |
| High (H) | 2.042 |
| Low (L) | 1.911 |
| Close (C) | 2.01 |
| Volume (C) | 309,254.40 |
- Open (O): The opening price for today’s trading session was approximately 1.977 USDT.
- High (H): Firo reached a daily high of around 2.042 USDT.
- Low (L): The daily low for FIRO-USDT was approximately 1.911 USDT.
- Close (C): At the time of analysis, Firo is trading near its daily close of 2.01 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.98% |
| 3D Change (%) | 6.35% |
| 7D Change (%) | 8.47% |
| 30D Change (%) | 11.17% |
| 90D Change (%) | 30.77% |
| YTD Change (%) | 30.86% |
Over the past three days, FIROUSDT has increased by approximately 6.35%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 8.47%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FIROUSDT maintaining an upward trend of approximately 11.17%, despite intermittent fluctuations. Examining the last 90 days, FIROUSDT has witnessed substantial increase of approximately 30.77%, reflecting strong long-term confidence. Year-to-date, FIROUSDT has steadily increased by around 30.86%, 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-USDT 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 0.50359.
- Momentum score is 0.11173.
FIRO USDT Technical Analysis
Firo Trading Volume:
The trading volume for Firo (FIRO) over the past 24 hours has been insignificant, with approximately 309,254.40 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Firo is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for FIRO-USDT is currently in the high zone, around 62.29976. This suggests that Firo is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
Firo (FIRO-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the high RSI and insignificant trading volume are high signals for potential upward movement.
Embrace a bullish sentiment for Firo (FIROUSDT) at 2.01 USDT with technical analysis highlighting strong support and positive indicators.
Unlock additional insights on FIRO BTC Firo Technical Analysis with our detailed analysis; a must-read if you enjoyed the content of this post.
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.