From the chart, there is a clear support level around $1.048, while a significant resistance level exists around $2.195. The current price of $1.492 is situated between these two key levels, which may suggest that the market is looking for a new direction.

Looking at the moving averages (MA):

MA(7) is 1.365

MA(25) is 1.461

MA(99) is 1.462

The current price is not only above MA(7) but also above MA(25) and MA(99). This indicates an upward trend in the short term, but the long-term trend still needs further observation. MA(99) is typically seen as an indicator of the long-term trend, and a price above this level is a positive signal.

Next, let's look at the MACD indicator:

DIF is -0.052

DEA is -0.076

MACD is 0.023

The MACD line is above the signal line, and the histogram shows positive values, which is generally considered a bullish signal. Although DIF and DEA remain negative, the positive value of the histogram indicates that bearish strength is weakening, and bulls may be gaining the upper hand.

Additionally, the 24-hour trading volume is 40,365,100 FET, with a trading amount of 58,933,400 USDT. This indicates a high level of market activity, and an increase in trading volume typically supports price movement.

In summary, although FET/USDT has risen in the past 24 hours, it is currently still near a key resistance level. The MACD indicator shows a bullish signal, and the price is above several moving averages, indicating potential for further upward movement in the short term. However, investors still need to monitor whether the price can effectively break through the resistance level of $2.195 to confirm a further upward trend.