✅ Future forecasts:
FET/USDT is expected to reach a new all-time high in late 2025 or early 2026, where the price may range between $5.42 and $8.56.
This means the potential for gains exceeding 1,600% from the current price, based on the higher target of $8.56.
📉 Current correction:
Strong resistance appeared in April 2022 during the development of the bearish market.
The same resistance level was confirmed again in February 2023.
It took 270 days (9 months) to break this resistance.
After breaking it, it was tested as support in February 2024, leading to a significant rise that ended a long bullish cycle.
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❓ How far can the correction go?
The correction started in March 2024 and is still ongoing today.
It is normal for the strongest resistance level in FETUSDT's history to be tested as support.
Last week, the price reached the bottom at the same previous resistance level (April 2022 and February 2023).
This coincided with an increase in trading volume, followed by a bullish candle this week, indicating that the correction may have ended and the bottom has been reached.
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💡 What does that mean now?
The current support level is very strong because it was previously strong resistance, it has been broken and is now established as support.
The current time is ideal for entry and buying (LONG Position).