This is an image of a trading platform interface displaying the price of FET/USDT on Binance. Based on the provided information:
Quick Analysis:
Current Price: 0.549 USDT
Daily Change: +2.43% (slight increase)
Highest Price in 24 Hours: 0.558 USDT
Lowest Price in 24 Hours: 0.535 USDT
Trading Volume in 24 Hours:
FET: 34.20M
USDT: 18.71M
Price Trend:
There is a clear strong downward trend from the previous peak (above 2.5 USDT), indicating a significant price correction.
The price is currently in a low range compared to the previous trend, but it is trying to bounce slightly from support at 0.45-0.50 USDT.
In the short term (7 days), it has risen by 4.17%, indicating a stabilization or reversal attempt.
In the longer term (90-180 days), the declines are still significant (over 60% - 79% over the year).
Forecast:
Positive Scenario: If the price can stay above 0.50 USDT and the positive momentum continues, we may see a gradual recovery towards 0.60 - 0.70 USDT.
Negative Scenario: If it breaks below 0.50 USDT, we may see a drop towards 0.45 USDT or lower.
Conclusion:
The overall trend remains bearish in the long term, but there are signs of stabilization in the short term.
It is best to monitor the trading volume, and if it increases strongly along with rising prices, it may be a bullish signal.
Trading at this level carries high risks, and it is preferable to wait for confirmation of the trend before making significant decisions.
If you are considering buying or selling, what is your current strategy?
