InstaForex

August 24, 2021

More Solid! Firo (FIRO) Becomes Investor Focus Show Drastic Leap!

 Firo, a halving system similar to Bitcoin and once received the FAT 2020 blockchain award for the most popular blockchain project in the Community.


In recent times, Firo has been the focus of investors as it shows a good potential.


In yesterday’s trading session, Firo has seen a drastic jump resulting in a 30% jump reaching the latest high of $ 9.10.


The surge was prompted after Binance released a statement on twitter about support for upgrading Firo’s network and hard fork.


#Binance Will Support the @avalancheavax $ AVAX and @firoorg $ FIRO Network Upgrades & Hard Forkshttps: //t.co/bpptSkDhcp


- Binance (@binance) August 23, 2021


Look closely at the current movement chart of the FIRO/USDT price.



When Firo’s analysis article was released last July, Firo was trading at the $ 4.5 price level, consistently Firo had produced over 127% jumps ending yesterday’s trading session.


From a technical point of view, the price movement is now seen moving positively and is hovering above the RBS (resistance become support) level at $ 7.5.


As for the next expectation, if the price movement remains the uptrend, it will retest the $ 9.0 resistance level before making a higher rise.


However, if the FIRO price returns to show a declining pattern, the SBR (support become resistance) level of $ 7.5 will be tested first before making a lower decline.


At the time of writing, FIRO/USDT is trading at around $ 8.3 up over 13% in the last 24 hours.