Fibonacci Retracements have proven to be one of the most effective tools for both institutional and retail traders. It is a type of technical analysis with a unique ability to identify and predict price movements based upon previous market behavior. Traders use Fibonacci Retracements to determine whether a particular asset is forming a long or short term trend based on the sequence of previous price movements in that asset.
The cryptocurrency market didn’t just have a flat year in 2018. In fact, it was absolutely brutal. After reaching its all-time high in 2017, BTC was in free fall, losing more than 80% of its value in the space of 12 months. And even though BTC’s recent rally has gotten a boost from news that the US Securities and Exchange Commission will review its BTC ETF application, there are still hurdles that must be cleared before it can take its rightful place as the top cryptocurrency.
FIBOS (FO) is a token that was first released in February of this year. Unfortunately, the token is currently in a bear market. So, the above chart is a close-up of one day in the bear market. We have seen FIBOS (FO) rise from 3.2 USD to 14.3 USD within the last 24 hours. Keep an eye on the above chart, and see how the price continues to rise. This is a great time to buy FIBOS (FO) as it makes a high bullish engulfing pattern.
Regardless of the technologies a platform employs in the financial sector, DeFi’s architecture would fundamentally alter conventional financial services. Furthermore, DeFi has the ability to propel the financial industry forward and open up new avenues for innovation.
Following the crypto sector, DeFi is in a tight race with NFTs for second position. Millions of people have entered crypto-space as the globe sees that cryptocurrencies may be the future of the digital-payment method. DeFi, on the other hand, will develop in technology and serve as a guarantee of financial transactions. As a consequence, DeFi technology will acquire greater momentum in the digital world in the future years than it has before.
Even today, many DeFi-related currency performances seem interesting, and interest in DeFi is gradually growing day by day. Similarly, FIBOS is a DeFi-related coin that has seen a roughly 85 percent price increase in a single day.
FIBOS (FO) is a decentralized and public blockchain platform. The platform is built on a decentralized cross-chain solution called the Heterogeneous Cross-chain Agreement. The open-source decentralized trading infrastructure (DEX) protocol has a simpler idea and a safer environment. The platform also has its own wallet, which contains DeFi products, asset management, and DApps.
Situation on the Market Right Now
According to Coinmarketcap, the current FIBOS trading price is $0.02353, with a 24-hour trading volume of $2,049,562. In the past 24 hours, the token has gained 85% of its value and now has a circulating supply of 1,071,593,128 FO tokens. It can be found on popular exchanges including CoinTiger, Hoo, MEXC, and AEX.
FIBOS Trading Chart
The bullish trend for FIBOS is shown on the chart. The token’s all-time high was $0.038, which was reached two years ago, and the current price is 39% lower than the ATH. The price has increased from $0.0126 to $0.0235, marking the day’s high point. FIBOS has the ability to reach new heights with future upgrades.
Significantly, the price of FIBOS has risen by 85 percent in the past 24 hours, compared to 266 percent on the 7-day price chart. The price has increased by almost 428 percent in the last two weeks, and it has increased by 535 percent in the last 30 days. Overall, FIBOS has been displaying a bullish trend for over a month and has a good chance of continuing.
Given recent upgrades, the cause for the increase in FIBOS may be the personal interest of each investor. However, with the network’s continuing growth, consumers may anticipate further price increases. It will be the sweet spot for FIBOS consumers if the upward momentum continues.
A cryptocurrency or token is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency.. Read more about atlas coin and let us know what you think.
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