### Technical Analysis Report for $FET /USDT

The current price of FET/USDT is 1.294 USDT, reflecting a decline of 8.10% over the past 24 hours. The price reached a high of 1.435 USDT and a low of 1.284 USDT during this period. This recent price action suggests a bearish trend as selling pressure has intensified after the recent peak.

Trading volume has been moderate, with 45.16 million FET traded in the last 24 hours and a USDT volume of 61.92 million. This level of trading activity indicates a reasonable market interest, which can lead to increased volatility. It's important for traders to keep an eye on volume trends to gauge the strength of price movements.

Key support is identified at the recent low of 1.284 USDT. If the price can hold above this level, it may present a potential buying opportunity for those looking for a reversal. Conversely, a break below this support could lead to further declines. Resistance is observed at the recent high of 1.435 USDT, where selling pressure has been significant.

In summary, while the short-term outlook for FET appears bearish, the support level at 1.284 USDT is crucial to monitor for signs of a potential bounce. Traders should remain vigilant and consider market sentiment and volume dynamics when making decisions. As always, thorough research is essential for effectively navigating the volatile cryptocurrency market.

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