🔥 $FIR (Fireverse) showing strong recovery after a volatile expansion 🔥
FIR delivered a sharp move of ~42%, rallying from the $0.0078 zone to a local high near $0.022, followed by a gradual pullback. Price is currently hovering around $0.0117, indicating a stabilization phase after heavy profit-taking.
📊 What the chart is telling
Explosive breakout followed by a controlled correction
Price now holding near key moving averages
Large holder base (80K+ holders) provides distribution strength
Liquidity remains healthy for its market cap size
📉 Technical perspective This looks like a classic impulse → retracement → base-building structure. As long as FIR maintains support above $0.010–$0.011, the structure stays intact. A reclaim of short-term MAs could open the door for a continuation move.
⚠️ Trader takeaway Momentum already played out once. Now it’s about patience, support confirmation, and volume returning. Chasing strength is risky — structure matters more here.
Always DYOR and manage risk.
#FIR #Fireverse #Crypto #Altcoins #PriceAction