Markets· ★★· bearish·

Firo sinks to $0.30 as oversold RSI fails to spark a bounce

  • —FIRO trades at $0.30, below EMA20 ($0.613), EMA50 ($0.873) and EMA200 ($1.2376)
  • —Daily RSI14 at 22.79 signals deep oversold conditions with no confirmed reversal
  • —Support sits at $0.18333, daily pivot resistance at $0.37167
  • —Bitcoin dominance at 58.79%, Fear & Greed Index at 73
Why it matters: Oversold without confirmation: a break of $0.18333 would open the door toward the lower Bollinger Band near $0.164.
#FIRO#BTC
Source: The Cryptonomist
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