Technical analysis by function_mechanic about Symbol FIDA: Buy recommendation (9/12/2024)

Note that the project was previously known as Bonfida but renamed to Solana Name Service.Price action has been building some structure on an important support level since July.Weekly RSI has stabilized at 40 and is moving sideways.Falling wedge breakout against Bitcoin:Max target is at $10 which gives up to 4500% potential.Also, since it's a Solana ecosystem project, it gives indirect exposure to Solana which is a great thing considering all the hype around it.Like the idea? Boost it!Have an opinion? Leave a comment!