After a strong bullish run, Fiat Coin may be entering a critical phase. Price action has struggled to break past the $1.42 resistance level, signaling a possible cooldown in momentum. This failure to push higher increases the likelihood of a short-term retracement toward lower support — a necessary move to maintain the integrity of the uptrend by establishing another higher low. All eyes are now on the $1.00 support zone, which holds technical significance and could dictate whether bulls can regain control.
Key Technical Points:
Major Resistance at $1.42: Price rejected multiple times, stalling upside momentum
Key Support at $1.00: 0.618 Fibonacci retracement in confluence with historical demand zone
Bullish Trend Intact: Market structure still holds higher highs and higher lows
Fiat Coin has seen bullish momentum in recent weeks, but its inability to breach the $1.42 resistance is now drawing attention. This level has acted as a strong supply zone, with each attempt to break through met by selling pressure. As a result, momentum has visibly slowed, and price is beginning to coil below resistance.
This type of price action often precedes either a breakout or a retracement, and current signals suggest a retracement is more likely. A pullback would not necessarily be bearish — in fact, it could offer the opportunity to solidify the uptrend with another confirmed higher low.
The $1.00 level emerges as the most probable area for a bullish reset. It aligns with the 0.618 Fibonacci retracement from the recent swing low to high and also acts as a historical demand zone. This confluence adds weight to the idea that price could bounce from this level if tested.
If Fiat Coin reaches this area and holds, it would reset the momentum structure and set the stage for another rally attempt. Holding this zone would also preserve the higher low pattern that has defined the current uptrend.
What to Expect in the Coming Price Action:
Should Fiat Coin retrace to the $1.00 support and hold, expect a bounce that could eventually retest the $1.42 resistance zone. A successful reclaim of this key level would signal renewed bullish strength and continuation toward higher targets.
Key Technical Points:
Major Resistance at $1.42: Price rejected multiple times, stalling upside momentum
Key Support at $1.00: 0.618 Fibonacci retracement in confluence with historical demand zone
Bullish Trend Intact: Market structure still holds higher highs and higher lows
Fiat Coin has seen bullish momentum in recent weeks, but its inability to breach the $1.42 resistance is now drawing attention. This level has acted as a strong supply zone, with each attempt to break through met by selling pressure. As a result, momentum has visibly slowed, and price is beginning to coil below resistance.
This type of price action often precedes either a breakout or a retracement, and current signals suggest a retracement is more likely. A pullback would not necessarily be bearish — in fact, it could offer the opportunity to solidify the uptrend with another confirmed higher low.
The $1.00 level emerges as the most probable area for a bullish reset. It aligns with the 0.618 Fibonacci retracement from the recent swing low to high and also acts as a historical demand zone. This confluence adds weight to the idea that price could bounce from this level if tested.
If Fiat Coin reaches this area and holds, it would reset the momentum structure and set the stage for another rally attempt. Holding this zone would also preserve the higher low pattern that has defined the current uptrend.
What to Expect in the Coming Price Action:
Should Fiat Coin retrace to the $1.00 support and hold, expect a bounce that could eventually retest the $1.42 resistance zone. A successful reclaim of this key level would signal renewed bullish strength and continuation toward higher targets.
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Join the Free Trading Group
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Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
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Unlock Blofin Bonuses
Trade with perks & support the community!
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Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.