$FET 4H – Approaching a test of the main downtrend line 🚀
FET is currently trading below the long-term downtrend line that has been a barrier to the price since mid-2024.
The price range is narrowing, indicating the near arrival of a critical moment: either a breakout or a rejection.
The Relative Strength Index (Stochastic) shows neutral momentum, opening the door for any movement.
- A strong breakout above $0.77 could push the price towards $0.88 - $0.90.
- A price rejection could pull the price down towards support at $0.68.
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