Technical analysis by gimferati about Symbol FIO: Buy recommendation (1/8/2025)

"FIO/USDT Analysis: On the daily chart, support has been established at the 0.0375 zone, aligned with the MA 89. As long as the price maintains this support, we anticipate a potential move towards the target of 0.046.However, there is a key mid-range resistance at 0.04196, corresponding to the convergence of MA 10 and MA 21. A breakout above this resistance could accelerate the move to the target, while rejection at this level may lead to retesting the support zones.RSI is currently at 40.24, indicating room for growth before reaching overbought levels. Monitoring volume will be crucial to confirm the momentum of the price action."