🔻 $FET /USDT – Pressure Mounts Below Mid-Bollinger Band
$FET is trading at $0.745, down -6.52%, as it tests key lower range support. Short-term weakness continues, but consolidation at current levels could offer a setup.
📊 Market Overview
• Current Price: $0.745
• 24h High: $0.800
• 24h Low: $0.735
• 24h Volume:
• FET: 17.16M
• USDT: $13.14M
Bollinger Bands (20,2):
• Upper Band: $0.786
• Middle Band (MB): $0.761
• Lower Band (DN): $0.736
MACD:
• DIF: -0.010
• DEA: -0.010
• MACD: -0.000 (Neutral bearish momentum)
📈 Trade Scenarios
Bullish Rebound Setup
• Entry: $0.750–0.755 range
• Targets: $0.775, $0.800, $0.835
• Stop-Loss: $0.732
Bearish Breakdown Setup
• Entry: Below $0.735
• Targets: $0.705, $0.675
• Stop-Loss: $0.755
📌 Technical Outlook
• Price is close to the lower Bollinger Band, signaling potential for a short-term bounce.
• MACD is flat, indicating weak momentum and possible sideways action.
• Losing $0.735 could trigger a slide toward $0.70. Bulls must reclaim the middle band ($0.761) to regain strength.
Conclusion:
FET is at a critical inflection. If $0.735 holds, bulls have a chance to recover. If not, further downside is likely. Tight-range traders can monitor for breakout confirmation.
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