- Fluid’s price surged more than 50% in 24 hours to reach highs of $9.33.
- Technical strength and other catalysts could push bulls to target a breakout above $10.
- However, overbought conditions signal a potential pullback.
Fluid (FLUID) rose over 50% in 24 hours after Upbit, South Korea’s largest cryptocurrency exchange, added trading support for the DeFi protocol’s native token.
The listing of the lending protocol’s token injected fresh momentum, reinforcing optimism that aligns with Fluid’s expansion into the Solana ecosystem.
Upbit listing sends Fluid (FLUID) up 50%
Upbit’s decision to list FLUID with trading pairs for Korean won, Bitcoin, and USDT triggered an immediate price rally.
As the dominant exchange in South Korea, Upbit often generates substantial spikes in trading volume for newly listed assets, and Fluid followed that pattern.
The altcoin’s price jumped more than 50% within hours, allowing bulls to test bears’ resolve above the $9.00 level.
It marked the lending protocol’s highest levels since February 2025.
At the time of writing, the altcoin traded around $8.20.
According to CoinMarketCap, initial trading volume for FLUID surged an impressive 1,600% to over $34.5 million.
With South Korean traders—known for aggressive buying—flooding the order books, the spike in liquidity was unsurprising.
Notable tokens that have recorded price and volume jumps following Upbit listings include RedStone, Flock, Omni Network, and Treehouse.
Further price gains could extend Fluid’s rally as the community celebrates the project’s Solana expansion. FLUID is now live on the Jupiter exchange, powered by Meteora.
The price increase coincided with a notable rise of more than 185% in Fluid’s total value locked to price ratio.
What’s next for Fluid price? Bulls target a breakout above $10
The broad gains align with growing bullish sentiment for FLUID, which holds an 89% positive score on CoinMarketCap. These expectations are supported by technical indicators.
The moving average convergence divergence (MACD) shows a bullish crossover while the relative strength index (RSI) trades around 71.
On the 3-hour chart, FLUID displays signs of a strong breakout following an extended consolidation and downward pressure period.
Bollinger Bands have widened significantly after a prolonged squeeze, a move that often signals increased volatility ahead.
Based on the height of the previous consolidation zone, the breakout implies a potential upside target in the $8.50–$9.00 range, with initial resistance expected near $7.50.
A convergence of these and other factors suggests the possibility of additional gains into overbought territory.
Depending on broader market sentiment, FLUID could break above $10 and target a 100% leg up toward $20.
The all-time high of $29.36 reached in 2021 remains a longer-term target for buyers.
However, broader market weakness amid macroeconomic and regulatory headwinds could give bears an opportunity to push prices lower.
Key support levels to watch are around $5.10 and $3.40.