### **Recent Price Performance and Volatility**
As of the latest data, FET is trading at **$0.7978**, reflecting a notable **5.29% surge** over the past 24 hours. The mark price—a reference price used to avoid liquidation discrepancies—stands slightly higher at **$0.7982**, indicating strong buying pressure. The token’s 24-hour trading range reveals heightened volatility, with a high of **$0.7987** and a low of **$0.7288**. This ~9.5% intraday swing underscores the dynamic nature of FET’s current market activity.
Trading volumes further highlight investor interest. Over the past day, **101.69 million FET tokens** (valued at **$76.91 million** in USDT) changed hands. Such liquidity is a double-edged sword: it suggests healthy market participation but also raises the potential for sharp price movements, especially in response to broader market trends or project-specific news.
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### **Technical Analysis: Key Indicators to Watch**
#### **Bollinger Bands (BOLL)**
The Bollinger Bands, set at a 20-period moving average with 2 standard deviations, currently show:
- **Upper Band (UP): $0.8093**
- **Middle Band (MB): $0.7707**
- **Lower Band (DN): $0.7321**
FET’s price is hovering near the upper band, which often signals overbought conditions. However, sustained momentum could push the token toward testing the $0.8093 resistance. A rejection here might lead to a pullback toward the middle band ($0.7707), a critical support level to monitor.
#### **Relative Strength Index (RSI)**
The RSI values across different timeframes provide nuanced insights:
- **RSI(6): 69.25** (approaching overbought territory)
- **RSI(12): 56.50** (neutral)
- **RSI(24): 53.35** (neutral)
The shorter-term RSI(6) nearing 70 suggests some exhaustion in buying pressure, while the longer-term RSIs indicate balanced market sentiment. Traders should watch for divergence between these metrics—a falling RSI(6) alongside a rising price could signal a potential reversal.