FIDAUSD chart by TradingView
The daily chart shows that the FIDA price remained in a consolidation phase this week. Its daily trading volume has dropped sharply. At the same time, the coin is hovering at the 25-day and 50-day moving averages while the Relative Strength Index (RSI) moved below the neutral point.
The price is also slightly above the important resistance level at $0.27, the lowest point in June this year. Therefore, I suspect that the token will show some volatility after the Fed decision on Wednesday. A bullish breakout will see it rise to about $0.58. A drop below the support at $0.27 will signal that bears have prevailed.
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