🚀 FIDA Price Analysis: Healthy Correction or Reversal?

FIDA has shown strong bullish momentum, rising from $0.0638 to a peak of $0.0872. Following this move, the price is currently consolidating around key Fibonacci retracement levels, suggesting a healthy correction phase.
🔹 Fibonacci Retracement Levels:
$0.0773 – Acting as short-term resistance (Fib 0.382)
$0.0755 – Key support area; price has reacted from this level twice (Fib 0.5)
$0.0737 – Next critical level; breaking below this could increase selling pressure
$0.0708 – SuperTrend support level
If the 0.618 Fib level is breached, a deeper pullback may follow.
🔹 Support Zones:
$0.0755 → Main support
$0.0737 → Critical breakout level
$0.0708 → SuperTrend support
🔹 Resistance Zones:
$0.0831 → Intermediate resistance
$0.0872 → Previous local top
$0.10 → Psychological resistance
$1.00 → Long-term bullish target (to be approached with patience)
🔹 Technical Indicators:
SuperTrend is still flashing a buy signal within the green zone.
Volume remains low, signaling a healthy correction instead of panic selling or heavy profit-taking.
📌 Summary:
FIDA is currently undergoing a healthy correction after a strong upward rally. As long as it holds the support zone between $0.0755 – $0.0737, the bullish scenario remains valid. A move above $0.0831 and $0.0872 could reopen the path to $0.10. However, breaking below $0.0737 might push the price back toward the $0.070 region.