$FET /USDT: Sharp Correction as Bearish Momentum Grows

Current Price: $1.329 (-14.09%)

The $FET /USDT pair has faced a significant drop, declining sharply from a 24-hour high of $1.574 to a low of $1.317. This indicates mounting selling pressure in the market.

Key Levels to Watch:

Resistance: $1.350

Support: $1.317 (24-hour low)

24-Hour Range: $1.317 - $1.574

Market Insights:

Trading volume remains strong at $111.47M, highlighting increased activity during the drop.

Sellers dominate as the pair struggles to reclaim previous support levels.

Trading Strategies:

1. Potential Rebound: Watch for a bounce above $1.350, which could drive a recovery towards $1.400.

2. Continued Decline: A breakdown below $1.317 might signal further downside, with $1.300 as the next target.

Observation:

FET is showing heightened volatility with bearish control. Traders should remain cautious and await confirmation of key support or resistance levels before entering positions.

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