🚨 $FET /USDT Technical Analysis: Key Levels for Traders! 🚨

$FET is trading at $1.601, down 12.75%, reflecting bearish sentiment in the market. Significant volatility is present, and traders should monitor these critical levels for potential price movements.

Key Levels to Watch:

1️⃣ Resistance Level 1: $1.700

A breakout above this level could indicate a recovery, attracting bullish interest.

2️⃣ Resistance Level 2: $1.800

Clearing this level might confirm stronger upward momentum, targeting higher levels.

3️⃣ Support Level: $1.540

This is a critical support zone. A breakdown below could lead to intensified bearish momentum.

Trade Setup:

📈 Bullish Scenario:

If FET breaks above $1.700, potential upward targets are $1.800 and $1.850, signaling a possible trend reversal.

📉 Bearish Scenario:

A drop below $1.540 could push the price down to $1.500 or lower, reflecting strong selling pressure.

Market Insights:

24H High: $1.869

24H Low: $1.540

Volume: Over 142.22M FET traded, highlighting active participation despite the bearish trend.

💡 Pro Tip: Monitor price action at these critical levels to confirm breakouts or breakdowns. Tight stop-losses are recommended to manage risk effectively in this volatile market.

#FETUSDT #CryptoAnalysis #AltcoinSeason #Write2Earn #Share1BNBDaily