FET outstanding performance: surpassing BTC, ETH and SOL, future trend analysis
Strong performance of FETs
The AI cryptocurrency FET has surged 28% in the past four days, outpacing Bitcoin (BTC) , Ethereum (ETH) and Solana (SOL) despite the general bearish sentiment. Currently, FET is trading near $1.40, up more than 8% in the past 24 hours.
technical analysis
FET encountered significant resistance near $1.5. If FET is able to break above $1.5 on the daily close, expect a further 26% price increase, with targets potentially reaching $1.95 or even higher. This prediction is supported by FET trading above the 200-day EMA, indicating that it is in an uptrend.
Data on the chain
FET futures open interest increased by 25% in the past 24 hours, continuing to rise since September 6th. Meanwhile, the long/short ratio stands at 1.03, indicating a bullish market, with more traders betting on FET price growth. For more market information and strategies, follow my personal master Ye to find me and share spot and contract trading strategies for free.
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future outlook
FET’s strong performance and on-chain data suggest it may continue to rise in the future. Increased trading volumes and active futures markets further support this outlook.
