$FET has shown solid momentum, up 3.34% in the last 8 hours and currently trading above the 1.618 Fibonacci level (1.589 USD). This suggests that buyers are in control, and if the price holds, we could see further upward movement.
The breakout above the 1.618 level suggests a potential shift in sentiment. If the price stays above 1.589 USD, it confirms this as a strong support and opens the door to targets like 1.75 USD or even 1.82 USD. A dip back below, however, could mean the move was temporary, pushing prices back to the 1.50-1.55 USD range.
The MACD shows the line at 0.080, above the signal at 0.056, and a positive histogram at 0.024—indicating bullish momentum. If the histogram keeps growing, FET could continue its rally in the short term.
**Short Term (1-2 days)**:
Watch for continuation above 1.589 USD. A pullback could be a good entry point if it holds. Next targets: 1.75 USD and 1.82 USD.
**Medium Term (1-2 weeks)**:
If momentum continues, price targets extend to 1.90 USD. Be cautious of MACD divergences or declining volume, signaling trend exhaustion.
FET is showing strong momentum, breaking above key levels. As long as it stays above 1.589 USD and the MACD supports the move, higher levels could be on the horizon.
$FET #TopCoinsSeptember #creator
Stay alert for any signs of reversal!