From the image I attached, the following technical indicators for the coin (FET/USDT) can be analyzed:
1. Current price status: FET
The current price is $1.277 with a decrease of -1.54% in the last 24 hours.
The highest price in the 24 hours was $1.434 and the lowest price was $1.271.
2. Technical indicators:
Moving averages (EMA):
EMA(7): 1.461 (close to the current price, indicating a short-term bearish trend).
EMA(25): 1.617 (above the current price, indicating selling pressure).
EMA(99): 1.504 (the general trend looks bearish if the price continues below this average).
MA(5) is at the level of 80,070,923.3 (strong trading volume indicates a strong interest in the coin, but the trend is currently negative).
Relative Strength Index (RSI):
RSI = 23.933 (in oversold zone, which could mean a near bounce but needs confirmation).
MACD:
MACD line: -0.080 (negative).
MACD and Signal lines divergence at -0.060 (increasing negative signals).
3. Volume and Volatility:
There is good trading volume which means continued activity, but sellers seem to be in control of the current move.
4. Support and Resistance Levels:
Nearby support at $1.271.
Strong resistance at $1.434 (24-hour high).
Additional resistance at $1.722 (recent high in the chart).
5. Overview:
General short-term trend: Bearish due to the break of moving averages and negative signals from MACD.