$FET rebounds from support... Is this the beginning of a new upward wave?
🔹 Current price: 0.700 USDT (+4.63%)
🔹 High/Low in 24 hours: 0.710 ↔ 0.649
🔹 Technical indicators:
RSI = 40.3 → Approaching the oversold territory
MACD: Still negative, but a bullish crossover is on the horizon
Bollinger Bands: Price near the lower bound = Potential rebound opportunity
Brief technical analysis: FET shows clear rebound signals after testing support at 0.67, with the beginning of corrective buying momentum. The price being near the Bollinger bottom could indicate a near launch if it surpasses 0.72 with a strong close.
Entry and exit opportunities:
Ideal entry zone: 0.690 – 0.705 USDT
Price targets:
🔹 First target: 0.755 USDT
🔹 Second target: 0.796 USDT
Stop loss: 0.662 USDT (Breaking this support invalidates the bullish scenario)
FET is in a calm accumulation near a key support, and this movement could be the beginning of a bullish rebound towards the next resistance at 0.75 if market support continues and trading volume persists.
Do you expect FET to return to test the 0.80 area soon? Or will the correction continue further? Share your opinion now
