FET/USDT Market Analysis – April 30, 2025
Overview:
FET has shown a strong rally from the April lows of ~$0.35 to ~$0.80, marking a 135% move. While this rally appears significant, it has unfolded in only three waves—suggesting it may be corrective in nature rather than a full bullish impulse.
Key Observations:
FET is currently consolidating after a sharp move up—typical market behavior following rapid gains.
Structure remains fragile unless further confirmation of higher highs and higher lows emerge.
Holding above key support ($0.55–$0.67) is crucial to maintaining the short-term bullish case.
A break above the current range could aim toward $0.91 as the next bullish target.
A confirmed break below $0.557 may suggest the start of a larger corrective wave (yellow wave B).
Technical Levels to Watch:
Entry (Speculative Long): $0.67–$0.70 (on confirmation of support and reversal pattern)
Support Zones:
Major: $0.67 (Fib level)
Critical: $0.557 (loss invalidates bullish scenario)
Upside Targets:
$0.80 (recent local high)
$0.91 (projected 5th wave target)
$1.00+ (longer-term extension, if trend continues)
Stop-Loss: Below $0.557 (2 daily closes)
Risk Note: Structure is still forming; aggressive positions should use tight risk management.
Sentiment:
Neutral to cautiously bullish as long as key support levels hold.
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