$FET Daily Chart

FET is having another strong day today. Up 17.8%. Currently battling the 200-day moving average and the 0.618 Fibonacci resistance level.

The RSI appears to be breaking out of the downtrend, which could be a clue that price will follow the RSI breakout. The MACD crosses upwards showing momentum. If this resistance can be broken, the price could quickly rise to $2.

FET is one of the most dominant AI projects in the crypto space. With the price down nearly 70% from the high, it seems like a no-brainer entry given the market structure and AI narrative. The weekly momentum oscillator has fully reset and the price looks ready to continue to rise.

This is just a personal opinion analysis, not an investment advice, please do your own research!!

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