Will FET continue to rise?

Despite the current bearish market sentiment, FET has surged by more than 28% in the past four days, outperforming major cryptocurrencies such as Bitcoin [BTC], Ethereum [ETH], and Solana [SOL].

The outlook for FET is bullish as it is trading above the 200 exponential moving average (EMA) on the daily timeframe.

This indicator is often used by investors and traders to determine whether an asset is in an uptrend or a downtrend.

Apart from this, FET is also facing strong resistance near $1.5.  Since July, whenever FET has reached this level, it has faced selling pressure. However, the current sentiment around FET seems to be different as investor interest seems to be increasing.  

Therefore, based on historical price momentum, if FET closes above $1.5 on a daily basis, there is a high chance that it could surge by 26% to $1.95 or even higher.

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