📈 Analysis and forecast for $FET : is it time to exit? 🚀
As of May 23, 2025, 12:18 EEST, the rate $FET on Binance is $0.965, up 15% over the last 24 hours. Trading volume has significantly increased, and market capitalization exceeds $2.4B (with a circulating supply of 2.44B FET). Sentiment on X is bullish: users note increased interest in AI projects and the potential of $FET after recent updates.
Technically, $FET is in an upward trend. On the 4-hour chart, the price has stabilized above the 50-day moving average ($0.85), and the RSI (14) at 72 indicates bullish momentum, but is close to overbought levels. Key levels: support — $0.93, resistance — $0.98. A breakout above $0.98 could push the price to $1.05, but a drop below $0.93 would increase pressure to $0.88.
Forecast: in the short term (by the end of May), FET could reach $1.05 if volume is maintained. By July 2025, a correction to $0.88 is possible due to overbought conditions. The long-term target for 2026 is $2.00+, assuming growth in the Artificial Superintelligence Alliance ecosystem and AI implementation.
Is it time to exit? After a 15% increase and the current price of $0.965, profit-taking is justified, especially before resistance at $0.98. Set a stop-loss at $0.93 for protection. For long-term investors, holding with a target of $1.05 is possible, but watch the RSI and volumes. High volatility and overbought conditions signal a risk of correction. Be cautious! #FET #Binance #CryptoAnalysis