$FET /USDT

FET/USDT Analysis

MetricValueCurrent Price$0.598 (-8.98%)24h High$0.65924h Low$0.59424h Vol (FET)36.10M24h Vol (USDT)$22.17M

📉 Technical Analysis

🔻 Bearish Breakdown

Price is trading just above the 24h low → strong selling pressure.

An almost 9% daily loss confirms strong downward momentum.

Volume is elevated, suggesting strong participation on the move down.

📊 Key Technical Levels

ZonePrice RangeComment🔼 Resistance$0.635 – $0.659Price rejected from this range⚠️ Support Zone$0.590 – $0.600Thin liquidity; critical short-term support❌ Breakdown RiskBelow $0.594Could trigger flush to $0.56–0.54

🧠 Sentiment & Indicators (Est.)

IndicatorComment🧭 TrendBearish (short-term and 4H)📉 RSILikely near 30 – entering oversold🔄 MACDBearish crossover likely on 4H⚡ VolatilityElevated → large intraday swings

🎯 Trade Scenarios

🔴 Bearish Continuation

Entry: Below $0.594

Target: $0.565 / $0.545

Stop: $0.610

🟢 Reversal Attempt

Entry: Bounce from $0.595–$0.600 range

Target: $0.635 / $0.659

Stop: $0.589

🧩 Summary

FET is in a danger zone: trading right above support, with negative momentum.

A breakdown below $0.594 could lead to rapid losses.

Caution advised if long. Look for volume spikes or RSI divergence for early signs of reversal.

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