$FET

🤖 The recent trend of FET is a bit intense, having dropped from a high of $0.84, and it looks like it's about to hit the 20-day moving average ($0.65), with both bulls and bears preparing for a showdown at this line.

🟢 Bullish Scenario: Hold the moving average to have a chance!

Currently, FET has pulled back near the 20-day moving average, which is crucial for whether the bulls can turn the tide:

If it can strongly rebound around $0.65, there is hope to challenge $0.84 again.

If it successfully breaks through and maintains above $0.84, it could directly surge to $1.09.

👉 For the bulls to reach the sky, the first hurdle is to defend the lifeline at $0.65.

🔴 Bearish Scenario: Drag it down and attack again!

Of course, the bears will not agree. Their target is:

Break the 20-day moving average.

Once it falls below, the price could head towards the 50-day moving average ($0.54).

Buying forces may make a strong counterattack at $0.54, but if it's not held, you all know what that means...