From the 150 satoshis bottom, FLDC/BTC went up to almost 200 satoshis, where it is currently trading. But still price remains below the downtrend , and in order for FoldingCoin to move higher, it must break above it.
Break and close above the should confirm the short-term upside momentum and could send price towards either 23.6% or 38.2% levels, that is 270 or 340 satoshis.
On a downside, unless the is broken, the price could remain in a consolidation mode and continue trading near 150 satoshis for a little while. However, it is not expected to go lower than 100 satoshis psychological support.
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