#ReboundRally

FET/USDT Analysis:

FET/USDT appears to be in the early stages of a potential rebound rally, as seen on the attached 4-hour chart. The price has climbed 2.76% in the last 24 hours, reclaiming the $1.37 level, with support evident near the recent low of $1.124.

The moving averages (EMA 9 and EMA 21) show a bullish crossover, suggesting momentum may be shifting upward. RSI levels across different periods (6, 12, and 24) are trending toward neutrality (48-56 range), indicating the coin has room for further upside before reaching overbought conditions. Additionally, the MACD is showing early bullish signs, with the histogram turning positive.

Key resistance lies at $1.42, followed by $1.46, while the support level around $1.33 is crucial to maintaining the bullish momentum. Traders should watch for increased trading volume to confirm a sustained rally.

This rebound rally offers a promising setup, but risk management is essential, given the broader market’s uncertainty.