$FET /USDC Chart Analysis
Current Price: $0.714 (+1.13%)
Key Observations:
* Strong Rebound: FET has seen a good bounce from its 24-hour low of $0.670, showing positive recovery.
* Bullish Crossover: The price has moved above MA(7) and MA(25), and is now testing MA(99), indicating a potential shift towards a more bullish short-term trend.
* Increased Buying Volume: Recent green candles are accompanied by increased volume, suggesting growing buying interest.
* Approaching Resistance: The price is nearing the 24-hour high of $0.720, which could act as a minor resistance level.
Potential Next Moves:
Watch for a decisive break and sustain above $0.720 to confirm further upward momentum. A successful breakout could target higher resistance levels.