$FET Short Liquidation Alert: $5.026K at $1.40509

A wild turn in the market as FET just triggered a $5,026 short liquidation at the pivotal price of $1.40509, sending ripples through the market and giving bulls an adrenaline-fueled victory.

Short-sellers are feeling the heat as the price surges, forcing them to cover positions and adding fuel to the rally.

1. Short Squeeze in Full Force:

The price of $FET rose above $1.40509, triggering a $5,026 liquidation for traders who were shorting the token.

These short-sellers were forced to buy back their positions as prices rose, exacerbating the upward movement.

This led to a classic short squeeze, where the very act of covering positions pushed the price even higher.

2. Market Sentiment Shift:

The price surge likely reflects strong bullish sentiment and strategic buying from large investors or whales.

As more short positions are liquidated, the upward momentum accelerates, leaving the market caught in a self-reinforcing loop of buying pressure.

Impact on $FET and the Market:

Bullish Momentum Intensifies:

The liquidation has added considerable momentum to FET’s price action, fueling the bullish trend and opening the door for higher targets.

Traders who had been holding back may now jump in to capture potential gains.

**Volatility on the

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