FET/USDT is currently trading at $1.077, reflecting a slight gain of +1.22%. The price is slightly above the VWAP level at $1.073, which suggests some bullish momentum around this support. However, the price remains below the 200-period moving average, currently at $1.019, indicating that the overall trend is still bearish unless a breakout above this level occurs.
The RSI is at 46.16, indicating neutral market sentiment with no overbought or oversold conditions, which could signal a consolidation phase. The MACD shows a slight bullish crossover, with the MACD line at 0.004 above the signal line at -0.018, but the momentum is weak.
Key Support Levels:
The nearest support level is at $1.073 (VWAP). If the price holds above this level, there could be an attempt to move higher.
Resistance Levels:
Immediate resistance is at $1.100, followed by more substantial resistance at $1.300 and $1.423, as shown in the second chart.
The second chart shows the price consolidating within a range, with a support zone around $1.07 and resistance around $1.10. If a breakout above this consolidation range happens, the next major resistance to watch would be around $1.300 and $1.423.
FET/USDT is trading around key support levels. A breakout above $1.10 could trigger more bullish momentum towards $1.300, while a failure to hold $1.073 might lead to a revisit of lower support levels around $1.00.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
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