FIRO’cious Price Rally Shows No Signs of Slowing — Can It Extend Beyond $10?
FIRO has surged over 300% monthly, breaking out of a bullish flag pattern with strong indicator support, aiming for a potential $10+ target.Summary
The FIRO price has experienced a significant rally, surging almost 60% in 24 hours and over 300% in the past month, outpacing other privacy coins like Zcash due to renewed momentum in that sector.
Technically, FIRO broke out of a bullish continuation flag pattern, projecting a technical target near $8.49. This upward move is supported by volume indicators; the Chaikin Money Flow (CMF) has been rising, suggesting quiet accumulation by large wallets, while the Bull-Bear Power indicator confirms strong buying pressure.
Key resistance levels to watch are $6.01 and $8.18. Clearing these could keep the $8.49 projection viable, with the next major psychological and technical target being $10.35. The rally structure would be invalidated if the price drops below $3.00 or, more definitively, below $2.49.
(Source：BeInCrypto)