The $FET /USDT chart is showing bullish momentum, with the price currently at $1.543, up by 14.64% in the last 24 hours. The price reached a high of $1.578 and a low of $1.321, reflecting a significant recovery after a dip. FET bounced off the support level around $1.237, which has now acted as a strong foundation for the ongoing rally, pushing the price back above key resistance levels.
On the 4-hour chart, FET has made higher lows, indicating an upward trend. The price is currently consolidating just below the $1.578 resistance level. If it breaks above this level, the next target could be around $1.600, where further resistance may be encountered. Momentum indicators suggest continued bullish sentiment, and a breakout above $1.578 would likely lead to further gains.
However, if the price fails to break through the $1.578 resistance, a short-term pullback could occur. In this case, immediate support lies around $1.470, followed by a stronger support zone at $1.345. As long as the price holds above these levels, the overall bullish structure remains intact, with potential for further upward movement.
In conclusion, FET is in a strong upward trend, with the potential for further gains if it can break through the key resistance at $1.578. Traders should watch for volume spikes as confirmation of a breakout or a possible reversal. Holding above support levels will be crucial for maintaining the bullish momentum.
$FET $BNB #BTCâ #NeiroOnBinance #BinanceLaunchpoolHMSTR #FTXSolanaRedemption #USRetailSalesRise
