$FET

🔍 Technical Analysis: FET/USDT - 6th January 2025

FET/USDT has been showing an intriguing upward momentum, currently priced at 1.583 USDT after a 7.03% increase. Let's dive into the key levels and potential targets for the upcoming session.

Key Levels to Watch:

24h High: 1.626 USDT

24h Low: 1.447 USDT

Current Price: 1.583 USDT

Targets 🎯:

1. Target 1: 1.626 USDT – The immediate resistance level. If FET can break above this level, we may see a continuation of the uptrend. Watch for confirmation of a breakout before entering any long positions.

2. Target 2: 1.700 USDT – A critical psychological level. If the price reaches this zone, we could see some consolidation before a potential higher push. Traders should monitor volume and market sentiment for a solid entry point.

3. Target 3: 1.750 USDT – A higher resistance that could mark the next phase of bullish movement. This level could be reached if the broader market maintains strength and FET continues its upward trajectory.

Market Indicators:

Volume: 49.22 million FET traded in the last 24 hours, indicating strong market activity.

Moving Averages (MA(5)): 596,950.5, showing consistent buying pressure in the short term.

Conclusion: FET is showing strong potential for a continued bullish trend. Watch the resistance levels and keep an eye on volume for signs of price continuation or reversal. Stay cautious, as the market can always show unexpected moves.