From the 15-minute chart of FUEL/USDT, the current market trend has the following points worth noting:

Current Market Conditions

• Current Price: 0.06808 USDT (Change +5.03%).

• 24-hour Highest Price: 0.07310 USDT; 24-hour Lowest Price: 0.06050 USDT.

• Trading Volume: Recent trading volume has increased significantly, but volatility is high.

Technical Indicators Analysis

1. Moving Averages (MA5 and MA10)

• Short-term moving average (MA5) and medium-term moving average (MA10) are converging, with the current price slightly above the moving averages, indicating that the price is in a consolidation phase in the short term.

• If the price can maintain above the moving averages, it may attract more buying interest.

2. MACD Indicator

• The MACD line and signal line are oscillating near the zero axis, currently in a death cross state, but the bearish momentum bars are starting to shrink.

• This signal indicates that although the market is experiencing a short-term pullback, the bearish strength may be weakening.

3. Trading Volume

• There has been significant fluctuation in trading volume recently, with high trading volume areas entering a phase of reduced volume, suggesting that some capital may be in a wait-and-see mode.

Support and Resistance Levels

• Support Level:

Short-term support level is 0.06650 USDT (near the moving averages), strong support level is 0.06050 USDT (previous low point).

• Resistance Level:

Short-term resistance level is 0.07050 USDT, strong resistance level is 0.07310 USDT (24-hour high point).

Future Trend Predictions

1. Bullish Scenario:

If the price stabilizes at the 0.06650 support level and the MACD forms a golden cross, it may test the 0.07050 or 0.07310 resistance area again. Increased trading volume is a key condition for a bullish outlook.

2. Bearish Scenario:

If the price breaks below 0.06650, it may further drop to 0.06382 or even 0.06050, so short-term pullback risks must be monitored.

Recommended Strategies

• Short-term Traders:

Focus on whether the price breaks 0.07050 with increased volume; otherwise, it is recommended to hold cautiously and wait for stabilization signals.

• Medium to Long-term Investors:

Pay attention to the price performance near the 0.06650 support; if it continues to rebound steadily, it may present a good buying opportunity.

Please be mindful of risk control and adjust strategies in line with market dynamics. $FUEL$BTC $ETH