FIRO price hits a snag after rising nearly 120%: here’s what to watch out for

After soaring by about 119.2% in the past two weeks, the FIRO price has hit a snag, pulling back to around $2.82 after hitting a high of $3.11.

Nevertheless, many are confident that the pullback could be short-lived, seeing that the rally is rooted in new on-chain utility and renewed interest in privacy coins.

Launch of Spark Assets drives real utility

Firo’s Spark Assets rollout sits at the centre of the recent price surge.

Launched in early November, Spark Assets lets developers mint privacy-first tokens — stablecoins, NFTs, and other instruments — that all share one anonymity pool.

The model makes a private stablecoin indistinguishable from an $FIRO transfer, and every asset creation or private transaction requires FIRO tokens.

That structural change converts Firo from a stand-alone privacy coin into a privacy infrastructure layer.

Early post-launch metrics show rising daily active addresses and higher transaction volumes.

The network’s market cap currently stands at around $50.69 million with a circulating supply of around 17.9 million, and the 24-hour trading band recently sat between $2.56 and $2.94 according to CoinMarketCap.

Privacy coins hype bolsters FIRO’s momentum

Beyond charts, the privacy coins sector narrative bolsters FIRO.

Firo was the first to launch zero-knowledge privacy on mainnet and the first to deploy Dandelion++.

In addition, Firo’s masternode architecture pairs with miners in a hybrid PoW + LLMQ system to deliver InstantSend and ChainLocks.

That combination of privacy, instant finality, and chain security is rare among privacy coins.

However, risks still linger. Regulatory pressure and exchange listings remain unpredictable; past delistings have dented liquidity.

The community also faces a mandatory software update before the scheduled hard fork on November 19, 2025 — upgrade v0.14.15.0 introduces Spark Name transfers and lowers GPU VRAM mining requirements to include 8GB cards.

Technical test at $3

Technically, FIRO faces clear resistance near $3, a level that has capped rallies since mid-2022.

Momentum indicators still favour buyers: the daily RSI sits firmly in bullish territory, though oversold, and the MACD histogram remains positive.

That said, the bearish divergence on the daily chart and profit-taking could test lower support bands.

A failed breakout could open a correction toward the $1.47–$1.84 zone, according to some models, while a decisive weekly close above $3 might accelerate a move toward roughly $4.80.

Traders should also watch the 38.2% Fibonacci retracement at about $2.60.

A dip below this level could mean further decline towards the 50% Fibonacci retracement.

Ultimately, investors should watch how on-chain adoption for Spark Assets evolves.

If Spark Assets continue to attract cross-chain activity through partners like Confidential Layer, FIRO may see steady utility-led demand.

Conversely, a failed test and weaker liquidity could prompt deeper pullbacks.

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