👉#FET update:
$FET continues to trade within a well-defined descending channel on the 4H timeframe, showing a series of lower highs and lower lows — a clear sign that the downtrend is still intact.
The price is currently hovering near the midline of the channel, facing resistance from the EMA-9. Until $FET can break and sustain above the upper boundary, the structure remains bearish with potential for another leg down toward the channel support.
That said, a clean breakout and close above the trendline could indicate a shift in momentum and open the door for a possible short-term reversal. For now, $FET remains under pressure within its descending structure.