FET doesn't give much weekly indicators but there can be a channel assumed in which the upper end (channel top) is a current resistance indication of parabolic rises in the future and the lower end (channel bottom) a support indication.
if we follow the channel top towards end of 2025, a price of roughtly $5 can be assumed. of course trajectory and upside are volatile and with major news the channel top might be even breached. since
FETUSDT already has a more than doubling of it's price top compared to 2022, it's hard to guess where we go from here.
I'd assume it'll respect the bottom trendline a few times before making its next big move up. Especially since it's recent partnership with agix and ocean protocol and the still not really happened AI craze of the AI sector in crypto (comparatively speaking).
maybe the 4h gives more indications in my next post.
if we follow the channel top towards end of 2025, a price of roughtly $5 can be assumed. of course trajectory and upside are volatile and with major news the channel top might be even breached. since
FETUSDT already has a more than doubling of it's price top compared to 2022, it's hard to guess where we go from here. I'd assume it'll respect the bottom trendline a few times before making its next big move up. Especially since it's recent partnership with agix and ocean protocol and the still not really happened AI craze of the AI sector in crypto (comparatively speaking).
maybe the 4h gives more indications in my next post.
Trade active
updated the 4h as well. as it seems it pushed through the resistance - it also finalized a higher high on the weekly so it might be the case it corrects towards the trendline (channel bottom) again before making another move higher. this would be a standard scenario. IF this week closes above the previous resistance we could assume it's an official breakout that needs to have a retest of some sort (at least that would be great), before attempting higher. all in all, if not locally mid term, within the next 2-3 weeks we could see a retest and an attempt higher. a retest at that level (or especially the channel bottom) would be a major entry level.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.