Firo breaks long-term resistance and confirms a golden cross | Credit: Hameem Sarwar
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Key Takeaways
FIRO breaks four-year wedge, forming a long-term bullish structure.
Upcoming hard fork and ZK pedigree strengthen market sentiment.
Volume, SAR, and CMF show momentum toward higher resistance levels.
Firo (FIRO) has already delivered a staggering 747% pump over the last 90 days. However, as it stands, the cryptocurrency could be poised to extend this rally.
Why? You may ask. One glaring reason is the bullish sentiment surrounding privacy-themed cryptos, which FIRO falls under.
As of this writing, the FIRO coin price wobbles around $4.42. In this analysis, CCN breaks down why the market value could be higher before the end of 2025.
Firo Nears 4-Year High
On the weekly chart, FIRO had remained trapped in a persistent downtrend that began in November 2021 and lasted until last month.
This extended decline produced a falling wedge pattern. However, the FIRO coin price has now broken above the wedge’s upper trendline, signaling that bearish momentum has finally weakened.
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This breakout has pushed the cryptocurrency to its highest price level since January 2022.
The technical structure reinforces this shift. As seen below, FIRO’s price has formed a golden cross on the weekly timeframe for the first time in several years.
The bullish crossover occurred when the 20-week Exponential Moving Average (EMA) (blue) moved above the 50-week EMA (yellow).
With momentum building and the breakout confirmed, FIRO now appears ready to advance toward the next major resistance zone at $7.80.
Beyond the recent buying pressure, FIRO’s reputation as an early pioneer of zero-knowledge proofs within the cryptocurrency space has also strengthened bullish sentiment.
Additionally, FIRO’s upcoming hard fork, scheduled for Nov. 19, could serve as another major bullish catalyst.
The upgrade will introduce Spark Name transfers, reduce GPU VRAM requirements, allowing 8GB GPUs to participate in mining, and deliver several other performance and usability improvements.
Such development could encourage new network activity, possibly impacting the FIRO coin price positively.
Furthermore, FIRO’s trading volume has increased in tandem with its price, according to Santiment data.
Rising volume typically signals genuine market participation rather than a speculative rally, suggesting that buyers are willing to commit increasing levels of capital.
This also reduces the likelihood of a false breakout and supports the probability of continued upside, especially when combined with FIRO’s newly formed golden cross and upcoming network upgrade.
Should this trend continue, FIRO’s price would likely evade a notable correction.
FIRO Price Prediction: Rally Isn’t Over
Examining the daily chart, the Parabolic Stop and Reverse (SAR) indicator displays its dots positioned below the FIRO price.
This indicates that the short-term trend has shifted firmly in favor of the bulls.
Also, this placement typically reflects rising momentum, suggesting that buyers continue to maintain control.
Additionally, the Chaikin Money Flow (CMF) has moved above the zero line, indicating that capital inflows are outpacing outflows.
When the CMF holds positive territory, it confirms strengthening buying pressure and validates the broader bullish structure seen across higher timeframes.
Should this trend persist, the FIRO coin price may breach the resistance at $5.75. Once this happens, the next target for the cryptocurrency could be around $9.13.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
