Let's analyze the FET/USDT daily chart and make a price prediction based on the current technical indicators.

⚡ Technical Indicators and Bollinger Bands:

1. **Bollinger Bands**:

- Upper Band: 1.4216 USDT

- Lower Band: 0.8200 USDT

- The current price is moving towards the middle band (20-period moving average) after having been above it. This suggests a potential pullback to the middle band or lower.

2. **MACD (12,26,9)**:

- The MACD line is in positive territory, and the histogram shows slight weakening. This indicates that the upward momentum may be losing strength, and the price could enter a consolidation phase.

⚡Support and Resistance Levels:

- **Support Levels**:

- 1.0756 USDT: This level remains a significant support point and could be tested if the price continues to drop.

- 1.0000 USDT: A psychological support level. If 1.0756 USDT is broken, the price might drop towards this level.

- **Resistance Levels**:

- 1.1943 USDT: This resistance level is still relevant from the previous analysis.

- 1.2389 USDT: Close to the upper Bollinger Band, this is a strong resistance level to watch.

⚡Price Prediction:

On the daily chart, if the price remains below the middle band, it is likely to test the support level at 1.0756 USDT. If this support holds, the price could rebound and attempt to break through the resistance levels. However, if the support is broken, a drop towards the 1.0000 USDT level is possible.

This chart suggests that after the recent uptrend, the price might be entering a consolidation phase, where the next movement will determine the trend direction. While technical analysis provides insights, always consider market conditions and news that might impact the price.

It’s important to trade cautiously and stay updated on market developments. #Fetch_ai