FET Coin Analysis Hourly, 4 Hours and Daily
1H Time Frame Analysis
Support levels:
1.1253 USDT: Immediate support; this level has been tested recently, and holding above it is crucial for short-term bullish momentum.
0.7991 USDT: An important support level that represents a significant decline; this could be a potential bounce area in case of heavy selling.
Resistance levels:
1.346 USDT: Immediate resistance; a break above this level could lead to a stronger upside move.
1.515 USDT: A critical resistance level where sellers may step in, which is in line with the potential trend continuation.
2.0086 USDT: Major Resistance; This level represents a major upside target if the price manages to break above the intermediate resistances.
Trend: The 1-hour chart shows a potential reversal from recent lows, with the price testing the 1.1826 USDT level. A break above 1.346 USDT could confirm the continuation of the uptrend.
4H Time Frame Analysis
Support levels:
1.1253 USDT: This level acts as a strong support on the 4-hour chart, and sustaining it above that could support a bullish reversal.
0.7991 USDT: This is a crucial support level, and a break below it could lead to further declines, which could trigger more selling pressure.
Resistance levels:
1.346 USDT: Immediate resistance level; a break above it could indicate a continuation of the current uptrend.
1.515 USDT: An important resistance level where the price may face strong selling pressure.
2.0086 USDT: A major resistance level that is likely to signal a strong uptrend if broken.
Trend: The 4-hour chart is showing signs of recovery from the recent decline, with the price currently testing the 1.1826 USDT level. Holding above this level could lead to a test of the 1.346 USDT resistance level, confirming a possible reversal.
Daily Time Frame Analysis (1D)
Support levels:
1.1253 USDT: A crucial support level on the daily chart; staying above this level is essential for any bullish continuation.
0.7991 USDT: A major support level that could act as a last line of defense in a bearish scenario.
Resistance levels:
1.346 USDT: First important resistance level on the daily chart; a break above it could lead to a retest of higher levels.
1.515 USDT: A key resistance level that sellers may look to re-enter, which could halt the upward momentum.
2.0086 USDT: A major resistance area, if broken, could signal a continuation of the long-term uptrend.
Trend: On the daily chart, FET appears to be in a recovery phase after the recent decline. The price is testing the 1.1826 USDT level, and a break above 1.346 USDT would confirm a bullish reversal, which could lead to a retest of the 1.515 USDT level.
conclusion
FET is currently in a recovery phase across all timeframes, with key support levels at 1.1253 USDT and 0.7991 USDT. On the resistance side, 1.346 USDT, 1.515 USDT, and 2.0086 USDT are critical levels to watch. A break above 1.346 USDT could signal an uptrend, while a break below 1.1253 USDT could signal further downside pressure. Traders should keep a close eye on these levels for potential trading opportunities, especially as the price approaches key resistance areas.
