📈LONG: $FET (1H)

#FET USDT | #FET | #Fetch.ai

Current Price $1.68

Market Cap $4.23B

Change 1h -2.04% | 24h +5.94%

Hourly Indicators:

• RSI: 54 - Neutral 🟠

• MACD: 0.02 - Bullish 🟢

• EMA: 1.64 - Above 🟢

Analysis:

FET/USDT is showing potential for a strong move after breaking its trendline on the 1-Hour timeframe, signaling a possible Long position. Keep an eye on the mid-level of Fair Value Gaps (FVGs) for further confirmation. Local resistance is present at the Previous Month Low (PML) of $1.8585.

Price Targets:

Key targets to watch for are the PML at $1.8585 for resistance and further upside towards the Previous Week High (PWH) around $2.2000. Be mindful of the previously established lows near $1.5000 as potential support.

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