$FF is currently hovering around $0.107, which is a bit awkward — it's just being pressed by the 7-day moving average (around $0.1077), but it's still above the 25-day moving average (around $0.1066). However, it's important to note that the 99-day moving average is at $0.116, and the current price is still some distance away from that.
The recent trend isn't very pretty, having dipped to a low of 0.1026. In the short term, as long as it holds within the range of 0.1026 to 0.106, the bulls still have a chance. What is the real breakout signal? It depends on whether it can cleanly and decisively rise above the hurdle of 0.116—once it breaks through, 0.12 to 0.13 won't be a dream. But then again, if it falls below 0.1026, the next stop could be 0.098.
The trading volume is quite interesting: there was a noticeable increase during the sell-off, and then it shrank. What's the current market sentiment? It's neutral to bearish, unless the buying pressure can regain control of the 99-day moving average. Just keep an eye on the key price level of 0.116.
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FlashLoanPrince
· 8h ago
0.116 That level is really hard to chew through, feels like the long positions don't have much strength.
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CoffeeOnChain
· 8h ago
0.116 hasn't broken, so don't think about anything from 0.12 to 0.13.
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SchroedingerGas
· 8h ago
Once again trapped by the moving averages, this time I estimate we have to wait for that wave at 0.116.
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NotFinancialAdvice
· 8h ago
If it can't break 0.116, then don't mess around, it feels like it's going to dip.
$FF is currently hovering around $0.107, which is a bit awkward — it's just being pressed by the 7-day moving average (around $0.1077), but it's still above the 25-day moving average (around $0.1066). However, it's important to note that the 99-day moving average is at $0.116, and the current price is still some distance away from that.
The recent trend isn't very pretty, having dipped to a low of 0.1026. In the short term, as long as it holds within the range of 0.1026 to 0.106, the bulls still have a chance. What is the real breakout signal? It depends on whether it can cleanly and decisively rise above the hurdle of 0.116—once it breaks through, 0.12 to 0.13 won't be a dream. But then again, if it falls below 0.1026, the next stop could be 0.098.
The trading volume is quite interesting: there was a noticeable increase during the sell-off, and then it shrank. What's the current market sentiment? It's neutral to bearish, unless the buying pressure can regain control of the 99-day moving average. Just keep an eye on the key price level of 0.116.