$FET Successfully Retests Key Support, Will Price Soar to $2? - CoinPedia Analytics

According to expert technical analysis, FET appears bullish after successfully retesting its breakout level of $1.53, which occurred on September 20, 2024. Based on the historical price momentum, there is a strong possibility that the FET price could soar by 20% to reach the $2 level in the coming days. This bullish thesis will only hold until FET remains above the $1.46 level, otherwise, it may fail. Currently, it is trading above the 200 Exponential Moving Average (EMA) on a daily time frame, indicating an uptrend. 

Meanwhile, FET is currently trading near $1.66 and has experienced a price surge of over 3.5% in the past 24 hours. During the same period, its trading volume has skyrocketed by 131%, indicating higher participation from traders and investors amid the vice president’s support.