๐ Fetch.ai (FET) Market Update: Will the Bulls Step In?
๐ Current Status:
FET has been in a long correction since March 2024 and is now at a critical juncture.
Price has dropped below major support levels, making this a โnow or neverโ moment for bulls.
๐น Key Resistance Levels:
โ $0.512 โ Early signal of trend reversal.
โ $3.41, $4.85, and $6.22 โ Fibonacci extensions for potential upside if the rally begins.
๐ป Major Support Levels:
โ ๏ธ $0.445 โ A break below increases downside risk.
โ ๏ธ $0.20 - $0.10 โ Possible targets if bulls fail to hold current levels.
๐ Whatโs Next?
A break above $0.512 could indicate the start of a new bullish wave.
However, failure to hold key support could lead to a deeper drop.
Short-term traders should watch for signs of a strong wave 3 rally, while long-term investors should monitor macro trends.
๐ก Final Take:
FET is at a make-or-break momentโare you bullish or bearish? Drop your thoughts below! ๐