Technical Analysis:
- FET is currently in a bearish trend, but showing signs of a potential reversal.
- Support: $0.45-$0.50 (current price level)
- Resistance: $0.60-$0.70 (short-term breakout level)
Indicators:
- RSI: 40-50 (neutral zone)
- MACD: Showing a bullish crossover, indicating potential upside momentum
Market Sentiment:
- Fear & Greed Index: 40-50 (neutral zone)
- Social Media Sentiment: Mixed, with some bullish and bearish sentiments
Potential Trading Scenarios:
1. Bullish Breakout: FET breaks above $0.60-$0.70, targeting $0.80-$1.00.
2. Bearish Continuation: FET breaks below $0.45-$0.50, targeting $0.30-$0.40.
Please keep in mind that this analysis is for informational purposes only and should not be considered as investment advice.