$FET

Moving Averages:

200-period Simple Moving Average (SMA):

Level: The 200-SMA on the 4-hour chart is positioned around 1.346 USDT.Current Price Position: FET/USDT is trading above the 200-SMA at approximately 1.453 USDT, indicating a bullish sentiment in the short to medium term. Holding above this moving average supports positive momentum, though further confirmation is needed to sustain the uptrend.

Relative Strength Index (RSI):

Current Level: The RSI is currently at 65.29, close to the overbought zone.Interpretation: The elevated RSI level indicates strong buying momentum. However, it also suggests the asset could be nearing an overbought condition, which may lead to a consolidation or pullback if buying pressure diminishes.

Moving Average Convergence Divergence (MACD):

MACD Line: 0.038Signal Line: 0.035Status: The MACD line is slightly above the signal line, indicating bullish momentum. The positive histogram bars support the continuation of an upward trend, though any decrease in the histogram could signal a potential weakening in momentum.

Support and Resistance Levels:

Immediate Resistance: 1.600 USDT – This level, marked by recent highs, could present a challenge. A decisive break above it may open room for further upside.Local Support: 1.346 USDT (200-SMA) – This level acts as support, and a drop below it would suggest a potential bearish correction.Key Support Zone: 1.200 - 1.250 USDT – A strong support area, critical for maintaining the uptrend structure.

Bullish/Bearish Scenarios:Bullish Scenario: If FET/USDT can break and sustain above the 1.600 resistance level with strong volume, it could strengthen bullish sentiment, aiming for higher price targets.Bearish Scenario: A drop below the 1.346 support level (200-SMA) might indicate waning bullish momentum, leading to a potential retest of the 1.200 - 1.250 support area.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making trading decisions.