FET/USDT – Daily Technical Analysis
On the daily chart, FET has key weekly support at $0.340 and weekly resistance at $2.00. After a strong upward move, the price has now reached the top of its descending trendline, which may lead to a potential short-term correction.
This correction could extend down to the daily support level at $0.50, which is around 20% below the current price.
However, if the price manages to break above the daily resistance at $0.80, it would signal bullish continuation, with a short-term target at $1.00.
🟢 Support Levels:
$0.50 (daily support – potential correction target)
$0.340 (weekly support – major long-term level)
🔴 Resistance Levels:
$0.80 (daily resistance – key breakout level)
$1.00 (initial bullish target after breakout)
$2.00 (weekly resistance – major long-term barrier)
On the daily chart, FET has key weekly support at $0.340 and weekly resistance at $2.00. After a strong upward move, the price has now reached the top of its descending trendline, which may lead to a potential short-term correction.
This correction could extend down to the daily support level at $0.50, which is around 20% below the current price.
However, if the price manages to break above the daily resistance at $0.80, it would signal bullish continuation, with a short-term target at $1.00.
🟢 Support Levels:
$0.50 (daily support – potential correction target)
$0.340 (weekly support – major long-term level)
🔴 Resistance Levels:
$0.80 (daily resistance – key breakout level)
$1.00 (initial bullish target after breakout)
$2.00 (weekly resistance – major long-term barrier)
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It reached its resistance level at 0.800 and a correction is possible.
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Disclaimer
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.