$FET rally not over despite $1.6M whale sell-off: Here’s why - AMBCrypto Analytics

FET has been trading within an ascending triangle pattern, with resistance at $1.73. The token has struggled to break above this level since June, as indicated by the volume profile data, which shows a lack of trader interest at this price point. Despite multiple attempts, FET has failed to break through, suggesting that more buy orders are needed for a successful breakout.

The Chaikin Money Flow (CMF) remains positive, showing that buyers still have control. However, recent flattening in the CMF, after making higher highs, signals that the uptrend could be losing momentum. The MACD remains above the signal line, maintaining a bullish outlook, but the appearance of bearish divergence in the MACD histogram hints at potential weakness ahead.

Traders should closely watch for a shift in volume and momentum for any potential breakout.