Market Analysis: FET’s Next Move – Bullish Signals Ahead?
FET recently dipped below the key support level of 1.26, but like previous instances, this move triggered a strong reversal, pushing the price back to 1.4. The positive sentiment from prior analyses remains intact, supported by several key technical indicators.
Here’s why FET looks poised for a continued upward trajectory:
Resistance Levels Breached:
FET has successfully broken through key resistance levels at 1.32 and 1.38, signaling upward momentum. A break above the 4-hour 50-EMA cloud further solidifies this move, with the potential to turn this level into a strong support zone.
MACD Momentum:
The MACD daily indicator, already in bullish territory, is now printing green bars—a sign of strengthening momentum. This suggests the bullish phase still has room to run.
Historical Patterns vs. Current Outlook:
Historically, FET has reversed from the 1.4 resistance back to 1.26. However, with the 1.38 level now flipped into support, the likelihood of this pattern repeating appears low.
Key Levels to Watch:
Breaking above 1.412 is the next critical step.If this happens, we could see targets of 1.51, followed by 1.7, and possibly a rally toward 2.
The market is aligning for a significant bullish move. A sustained break above 1.42 would confirm the momentum and set the stage for higher highs. As always, manage risk and stay informed—this could be an exciting phase for FET holders.
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