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📅 July 3, 7:00 – July 9,
FIDA has gained strong momentum with a rise starting from the level of 0.0638 to as high as 0.0872. After this rise, according to Fibonacci retracement levels, the price is attempting to hold in significant support areas.
🔹 Fibonacci Levels:
0.0773 (Fib 0.382) level is acting as resistance in the short term.
0.0755 (Fib 0.5) level is a strong support; the price has reacted from here twice.
If 0.618( Fib breaks, the decline may deepen.
🔹 Support:
0.0755 → Main support area
0.0737 → Critical breakout level
0.0708 → SuperTrend support
🔹 Resistances:
0.0831 → Intermediate resistance
0.0872 → Last peak
Psychological target: 0.10 and then the expectation of 1$ has been noted on the chart, but this level should be read as long-term resistance.
🔹 Technical Indicators:
SuperTrend is still giving a buy signal in the green zone.
Although the volume is low, it indicates that the upward movements are a healthy correction rather than profit taking.
📌 Summary: FIDA is technically in a healthy correction process after the rise. The support zone to be monitored is between 0.0755 – 0.0737. As long as it stays above this area, the target could be back to 0.0831 and 0.0872. If a breakout occurs, there is a risk of a pullback to the 0.070 level.