FET/USDT – Daily Technical Analysis
On the daily chart, FET has key weekly support at $0.340 and weekly resistance at $2.00. After a strong upward move, the price has now reached the top of its descending trendline, which may lead to a potential short-term correction.
This correction could extend down to the daily support level at $0.50, which is around 20% below the current price.
However, if the price manages to break above the daily resistance at $0.80, it would signal bullish continuation, with a short-term target at $1.00.
🟢 Support Levels:
$0.50 (daily support – potential correction target)
$0.340 (weekly support – major long-term level)
🔴 Resistance Levels:
$0.80 (daily resistance – key breakout level)
$1.00 (initial bullish target after breakout)
$2.00 (weekly resistance – major long-term barrier)
✅Buy and Trade here on $FET