FIDA is the native token of the Bonfida ecosystem on Solana, now rebranded to Solana Name Service (SNS), offering tools like orderbooks and trading infrastructure for the Solana network.
The price has fallen sharply from its all‑time high (~$59.61) in 2021 and trades low, reflecting prolonged bear market pressure and reduced demand.
Recently, market activity shows broad crypto rebound correlations, with short‑term gains tied more to macro momentum than project‑specific catalysts.
Technical indicators are mixed to bearish, with some sell signals suggesting weak momentum and possible resistance near key levels.
Its utility within Solana’s ecosystem gives long‑term narrative potential, but price remains speculative with high volatility and limited short‑term drivers.
Traders should watch support and resistance zones and broader market moves for clues on future direction.
@Solana Name Service | Bonfida $FIDA #FIDAtoken #fida