Based on the 2-hour chart of FET/USDT from Binance, the price is currently at $0.9270, showing a recent bullish trend with a 6.99% gain. The price recently touched a high of $0.9898 and bounced from the support near the 25-period moving average (MA25) at $0.8625. The 7-period MA is currently at $0.9311, indicating short-term upward pressure. Volume is also increasing, which supports the bullish move.
The MACD shows a bullish crossover with positive divergence, suggesting momentum may continue. If the bullish trend holds, FET/USDT could test resistance near $0.95–$0.98 in the next 3–5 hours. However, if it fails to hold above $0.92, a pullback toward $0.89–$0.86 is possible.
In summary, short-term outlook leans bullish, but traders should watch for volume confirmation and be cautious of volatility near resistance levels. Risk management is key if entering a position.