$FET $FET $FET

Buy Zone

Analysts suggest that an ideal entry point for FET is between $1.85 and $1.95, considering it allows a risk area for potential buyers.

Target Prices.

Short-Term Target

If FET breaks above the $2.10 resistance with significant volume, it could reach approximately $2.20.

Long-Term Target

Some analyses predict that by the end of 2024, FET could achieve a price between $3.62 and $3.65.

Stop Loss

To manage risk, consider setting a stop-loss below the $1.90 support level. This means if the price falls below this point, the position would be automatically closed to prevent further losses.

Key Support and Resistance Levels:

Support Levels

$1.90: Immediate support zone

$1.75: Major support indicating a potential reversal

Resistance Levels

$2.00: Psychological barrier

$2.10: Strong resistance level

Market Sentiment

The current sentiment for FET is neutral to slightly bullish. The price has been consolidating within a narrow range, suggesting potential accumulation by traders. Monitoring volume and market sentiment is crucial for anticipating a breakout.

Considerations

Volume and Momentum

A breakout above resistance levels should be accompanied by high trading volume to confirm the move

Market Condition

Always consider the overall cryptocurrency market trends, as they can significantly influence individual asset prices

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