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Step App (FITFI) Price Breaks Out of Long-term Range, Anticipating a Remarkable 100% Price Surge

The Step App (FITFI) price has broken above its long-term trading range. It is expected to continue rising in the near future.

Trading Range

The Step App (FITFI) price has been trading in a range from $0.0030 to $0.0063 since June 10, 2023. Both the support and resistance levels of the range have been tested multiple times, confirming the validity of the range.

After the fifth breakout attempt in mid-November, the FITFI price finally broke above the range in the following days. This indicates that the previous downtrend has ended, and FITFI may have started a new uptrend.

The daily RSI (Relative Strength Index) has broken above the descending resistance line and is trending upward, supporting the potential for further increases.

If the upward momentum continues, the crucial resistance level to watch is $0.0017, representing a 102.05% increase from the current price.

fitfi-upto-100%
FITFI/USDT daily chart . Source: TradingView

Short-Term Outlook

The 4-hour chart supports the bullish outlook from the daily timeframe. It shows that the FITFI price has broken above a short-term ascending triangle formed since November 18.

This pattern has a target of $0.012, calculated by connecting the height of the pattern to the breakout point.

The 4-hour RSI is moving along the ascending support line and is above 50, supporting the continuation of the uptrend.

Therefore, the FITFI price may rise towards the target of the pattern in the coming days.

FITFI/USDT 4-hourly chart . Source: TradingView

Conclusion

The most likely scenario suggests that the FITFI price will continue to rise in the near future. The immediate target is $0.012, with further potential to reach $0.017.

This bullish outlook would be invalidated if the price breaks down below the previous range resistance at $0.0063.

Disclaimer: Please note that this article is for informational purposes only and should not be taken as investment advice. As an investor, it is important to do your own research before making any decisions. We are not responsible for any investment decisions you make based on this information. Not Financial Advice.

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