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Quick Snapshot:

• Current Price: $0.575

• 24h Change: +12.52% (strong bullish move)

• 24h High/Low:

• High: $0.578

• Low: $0.509

• RSI (20): 56.28 → indicating neutral to slightly bullish momentum

• Volume (24h):

• FET: 42.27 million

• USDT: 23.19 million

• Recent Low (Support): $0.345

• MA(20): Showing around 37.17M on the chart (volume-based MA)

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Technical Insights:

1. Recovery from Bottom:

Price bounced back from the recent low of $0.345, forming a potential double bottom pattern — often a sign of trend reversal.

2. Resistance Zone:

Current price at $0.575 is very close to an important resistance level. A strong breakout above $0.578 may lead to a continuation of the uptrend.

3. RSI (Relative Strength Index):

At 56.28, RSI is still in a safe range — neither overbought nor oversold. It shows buying momentum is gradually building.

4. Volume:

Decent trading volume supports the recent move upward. If volume increases further with a breakout, it can be considered a stronger bullish signal.

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What You Could Do:

Situation Suggestion

Already holding FET You might hold and watch for a breakout above $0.578, or set a stop-loss to protect gains

Planning to enter Consider waiting for a confirmed breakout above $0.58 with strong volume

Short-term trading Be cautious here — you’re at a resistance point. Ideal for breakout traders, but risky for scalpers without confirmation

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