$FET /USDT Showing Strong Bullish Breakout - Sustaining the Momentum?
Hey everyone,
Let's take a look at the $FET /USDT chart! We're witnessing a significant upward move. The current price of Fetch.ai is at $0.774, marking a substantial increase of +9.48% recently.
Looking at the last 24 hours, FET ranged from a Low of $0.679 to a High of $0.774. Interestingly, the current price is right at the 24-hour high, indicating strong bullish momentum right now. The 24h Volume stands at 37.98M FET, which is equivalent to 27.39M in USDT, supporting this move.
The chart shows a clear breakout above previous resistance levels. The recent price action suggests strong buying interest pushing FET towards new highs for the day. This kind of breakout can often lead to further gains if the momentum is sustained.
Traders will be closely watching if FET can hold above this $0.774 level and potentially push towards new resistance levels. The high volume suggests conviction behind this move.
Key points to observe:
Resistance: The current 24-hour high of $0.774 is the immediate resistance. Breaking above this could lead to further gains.
Support: Previous resistance levels could potentially act as new support. The $0.75 level might be an area to watch.
Momentum: The current momentum is strongly bullish.
What are your thoughts on this strong breakout in FET? Do you believe it will continue its upward trajectory, or are we due for some consolidation? Share your analysis!
