$FET Technical Analysis
Current Price: $1.75
Trend: Bullish
Support Levels:
- $1.60 (short-term)
- $1.30 (medium-term)
- $1.00 (long-term)
Resistance Levels:
- $1.80 (short-term)
- $2.00 (medium-term)
- $2.50 (long-term)
Indicators:
- RSI (14): 70.12 (overbought)
- MACD (12, 26): bullish crossover
- EMA (50): $1.45
- EMA (100): $1.23
Analysis:
FET has broken out of its ascending channel and is currently testing the $1.80 resistance level. The RSI indicates overbought conditions, but the MACD suggests a continued bullish trend. A pullback to the $1.60 support level is possible before continuing its upward momentum.
Targets:
- Short-term: $1.85
- Medium-term: $2.20
- Long-term: $2.80
Note: Technical analysis is subjective and should not be considered as investment advice. Always do your own research and consult with a financial advisor before making investment decisions.
