FIDAUSDT UPDATEFIDAUSDT is a cryptocurrency trading at $0.1094. Its target price is $0.2400, indicating a potential 100%+ gain. The pattern is a Bullish Falling Wedge, a reversal pattern signaling a trend change. This pattern suggests the downward trend may be ending. A breakout from the wedge could lead to a strong upward move. The Bullish Falling Wedge is a positive signal, indicating a potential price surge. Investors are optimistic about FIDAUSDT's future performance. The current price may be a buying opportunity. Reaching the target price would result in significant returns. FIDAUSDT is poised for a potential breakout and substantial gains.
FIDAUSDT trade ideas
Hype or Game-Changer?SNS says they will announce something, likely around February 18th.
I don’t know what it is, but if it's worth speculating on, it could be a name change or a major partnership.
Crypto hasn’t followed traditional analysis patterns over the past two years—it’s mostly driven by speculation, news, and hype.
Looking at it from this perspective, and considering the rising volume, the coin could reach $1 in the coming days before dropping to the $0.20 range ahead of the announcement.
We’ll see if "changing skins" is worth it or not later on.
If it’s a major partnership with a strong use case, investors usually get excited for a new ATH.
If it’s just a name change, investors might see it as a sign that it's been dormant for years and now is its time.
If you’re already in, it’s your play.
If you’re new, make sure to do your own research before jumping in.
Bonfida Going Bullish —Entering Long-Term Growth PhaseNotice the same pattern, the ending diagonal, that is present on the API3USDT trading pair. This means that FIDAUSDT is already ready to grow.
The exact same dynamics. A low 3rd-February followed by some sideways. This sideways will lead to a strong bullish breakout which means up, and then more up.
This bullish breakout will only signal the start of a major bullish wave and bullish trend. Higher highs and higher lows.
—You can choose to get in at support (now) and sell when the first target hits (resistance) and then rush to find a new pair.
—You can also choose to buy and hold long-term. This removes complexity and can result in almost zero to no mistakes.
The first method requires more experience and a stable mind.
The second can be applied by anyone as it requires no knowledge just trust.
If you trust what I write, you will proceed to buy and hold.
Sell when prices are up.
Patience is key.
Choosing is only the second step. The first step is to read.
Read, read, read. Read everything I share every single day.
As you read daily, you will get a feeling of the market, you will understand everything that I am sharing and what you need to do will become obvious. If you have doubts, take your time because opportunities are endless, the market is not going away.
Thank you for reading.
You are appreciated.
Namaste.
FIDA good entry point to get up to 2400% Fida is a name service on Solana. I waited 14 cents for more than a year and finally my orders got filled.
It could possible got a bit lower but i already have filled my orders as planned.
As for now FIDA retested october 2023 lows creating double bottom for this token. Also you can see a bullish RSI divergence on 1-Month timeframe.
Main targets for FIDA is located at february 2022 levels between 3.3$ and 3.6$
Two weeks ago I saw some big players were buying 360k 300k 200k FIDA in one single limit orders so they (whales) are prepared too.
I think whole route to 3+$ will take approx. 3-4 months.
Get Played?This coin is really frustrating. It keeps repeating the same pattern in a triangle, and I keep seeing a reversal head and shoulders.
There are plenty of buyers, but the whales keep selling on purpose. If they just let it move, I’m sure it could do well.
Otherwise, it’ll probably get delisted.
It’s not even about the project or the free market anymore—I really think the whales are controlling it, not the buyers.
What do you think?
Bonfida (FIDA)Bonfida (FIDA) Bonfida is a Solana-based project that provides a suite of tools and services for the Solana ecosystem, including decentralized exchange (DEX), analytics, and domain services. The FIDA token is used for governance, staking, and fee discounts within the Bonfida ecosystem.
Unlocking Gann’s Magic: Key Levels and Scenarios on FIDA/USDTHi Traders! 👋
Let me walk you through an exciting analysis using Gann levels on the FIDA/USDT daily chart. If you’re not familiar with Gann, it’s a method that combines price and time to identify critical turning points. This chart is built on Gann’s geometric principles, plotting angles and levels to forecast potential moves.
Let’s dive into the bullish and bearish scenarios based on this chart. 🧐
Bullish Scenario:
Key Support: The price must hold above the current level of $0.2339.
Next Bullish Target Levels:
$0.252506 (630°): This is the immediate resistance. If the price breaks this level, momentum can push higher.
$0.304766 (540°): A critical target where the price may face strong selling pressure.
$0.362471 (450°): A breakout beyond this could trigger further upside, signaling a continuation of the bullish trend.
$0.425177 (360°): A significant level, marking a potential top in the short term.
If the price successfully closes above $0.425177, the next targets could align with $0.492883 (270°) and $0.565588 (180°).
Bearish Scenario:
Immediate Resistance: The current price is near $0.2339, and any failure to sustain above this level could signal weakness.
Bearish Targets:
$0.204354 (720°): If the price dips below this level, it suggests increasing bearish pressure.
$0.161649 (810°): This is a strong support zone where bulls may try to defend.
$0.123943 (900°): A break below this would confirm a deeper bearish trend.
$0.091238 (990°): A significant support level to watch out for.
$0.063532 (1080°): The ultimate bearish target in case of a prolonged downtrend.
Key Notes for Interpretation:
These Gann levels act as potential support and resistance zones, which may guide the price movements.
In a bullish trend, the price should respect higher Gann angles and consistently break resistance levels.
In a bearish trend, breaking below support levels could lead to further downside, aligning with the Gann methodology.
Wish you best of luck trading.
FIDA Bullish Analysis: New Price Targets After Breaking Support
$FIDA/USDT is rebounding from a strong support zone at $0.1850 and is currently showing bullish momentum at $0.2813, up 16.63%. The next targets are $0.4627, $0.6386, and $0.8049 if the momentum continues. Buying is recommended upon breaking the first resistance or retesting the support, with a stop-loss below $0.1850.
Buy Trade Strategy for FIDA: Exploring Growth in Decentralized
Descrizione:
This trading idea focuses on FIDA, the native token of Bonfida, a decentralized trading platform built on the Solana blockchain. FIDA has positioned itself as a key player in the growing decentralized finance (DeFi) space by offering a suite of tools for traders, including order book systems, API services, and decentralized exchanges. With Solana’s high-speed network and Bonfida’s focus on delivering innovative trading solutions, FIDA has the potential to benefit from the expanding DeFi ecosystem. Fundamental factors such as increasing platform usage, strategic partnerships, and continued product development make FIDA an attractive prospect for investors interested in the future of decentralized trading.
However, the cryptocurrency market is inherently volatile and can be influenced by a wide range of external factors, including regulatory developments, technological changes, and macroeconomic conditions. It’s important to trade cautiously and be aware of the risks.
Disclaimer:
This trading idea is intended for educational purposes only and does not constitute financial advice. Trading and investing in cryptocurrencies are speculative activities and involve a high level of risk, including the potential for total loss of funds. Always conduct thorough research, consider your financial circumstances, and consult with a financial advisor before making investment decisions. Past performance is not a guarantee of future outcomes.
a lot of smooth brained shorters on the ENS of Solana: FIDAPeople who are shorting this Bonafida because of its association with SBF and the fall of FTX are in for a rude awakening. As it was just added to Binance perps, a new crowd of smooth-brained shorters have entered the arena and are in for a difficult few weeks.
As the primary wallet naming service on the most popular blockchain for retail traders, the creative and investment possibilities are infinite. Good luck to you guys. You could have easily just longed the fresh weekly uptrend signaled on CoinRotator.
coinrotator.app
#FIDA Technical Analysis in a Daily TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
FIDA has secured an 86% rally in the last 24 hours and is currently facing resistance between $0.40 and $0.43.
For the bullish rally to continue, FIDA needs to break above this resistance level, which could be challenging given the long wick on the daily chart.
If FIDA shows correction from the current market price, the range between $0.2430 and $0.2690 is likely to be a good accumulation zone.
Key Levels:
- Crucial Resistance: $0.4-$0.43.
- Accumulation Range: $0.2430-$0.2690.
- Lower Support: $0.141.
- Higher Target: $0.72-$1.
DYOR, NFA.
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Solana Name Service (FIDA) Goes Bullish (Super High Volume )Super high volume... Solana Name Service (FIDA) produced the highest volume ever today and this coupled with a massive, truly massive bullish breakout; confirming everything we've been saying for months.
Trading volume for FIDAUSDT has been rising since August 2023 and we also have long-term higher lows... This pair is set to grow massively which means a higher high next.
We looked at Solana Name Service vs Bitcoin (FIDABTC) recently and this pair is also bullish.
What you are seeing is only the beginning of a major bullish wave that will permeate the entire Altcoins market.
The Altcoins are bearish and crashing? No!
The Altcoins have been consolidating for months and now growing? Yes!
Thank you for reading.
Your support is appreciated.
Namaste.
FIDAUSDT.1DUpon analyzing the FIDA/USDT daily chart you provided, I see some important technical indicators and price levels that need to be considered.
First, examining the overall trend, FIDA/USDT exhibits high volatility with substantial price spikes and sharp retracements, indicating a somewhat unstable market environment. The price currently sits around $0.2432, which is significantly below the recent high.
Looking at the key support and resistance levels, I observe:
Resistance 1 (R1) at $0.3155, which the price has tested multiple times without a sustained breakthrough. This suggests strong selling pressure at this level.
Resistance 2 (R2) at $0.4061 marks a longer-term target, which was last approached in a spike but was followed by a sharp decline.
Support 1 (S1) at $0.1342 and Support 2 (S2) at $0.1376 are relatively close together, indicating a potentially strong support zone that could stabilize price declines.
The Moving Average Convergence Divergence (MACD) is hovering near the zero line with a slight positive histogram, which could suggest a minor bullish momentum; however, this is not robust enough for a strong buy signal. It’s crucial to look for a more definitive crossover of the MACD line above the signal line to confirm increasing bullish momentum.
The Relative Strength Index (RSI) is near 52, which is neutral. It indicates that the market is neither overbought nor oversold, providing no strong directional bias at this moment. I would look for the RSI to approach either overbought (>70) or oversold (<30) levels to identify potential turning points in the market.
In conclusion, my current strategy would focus on cautious observation. If the price sustains above S1 and starts moving towards R1, I might consider a long position with a clear stop-loss order just below S1 to manage risk. A break above R1 with significant volume and a bullish MACD crossover would confirm a stronger buying opportunity, potentially targeting R2. Conversely, a fall below S1 could indicate a bearish trend, in which case I would reconsider my positions and potentially look for short opportunities, respecting S2 as the next key level.
As always, it's essential to combine these technical insights with broader market news and sentiment analysis, and to adjust strategies dynamically with market conditions.