FET Crypto Eyes Key Resistance as EMA Signals Bullish Sentiment

The #FET crypto has been maintaining a defining course in the world of cryptocurrency. In the last four periods based on the 1-hour chart, the coin has witnessed a slight fluctuation between $1.652 and $1.662 zoning below the first resistance level at $1.665. 

The Exponential Moving Average (EMA) stands as a critical indicator for potential movements. For the past five periods, the 9 EMA hovered around $1.660, marginally above the 20 EMA, which lingered around $1.646. This confirms a bullish sentiment as the short-term moving average is above the long-term one. However, it's important to note that these values are very close, signaling a possible trend reversal.

In regard to the MACD, the last five periods showed a decrease in both the MACD line and signal line, suggesting a bearish sentiment. The histogram also presented downward movements, indicating a reduction in upward momentum.

On the other hand, the Relative Strength Index (RSI) oscillated around the 54-mark, showing a rather neutral territory but leaning towards a bullish sentiment as the value is above 50.

As per the technical levels, an immediate resistance is seen at $1.665. A clear break above this could test the next resistance at $1.715. On the flip side, support is found at $1.644, and further decline could take the $FET crypto price to test lower supports at $1.58 and $1.579. The full analysis and trade strategy were posted on www.ecoinimist.com.