Analysis of FET/USDT on a 4-hour timeframe using the Gann Box tool. Here is the detailed technical analysis:
✅ General Trend:
Short-term bullish trend — the price is currently in the upper half of the Gann box and is testing important resistance levels.
🔹 Key Technical Levels:
Level Evaluation
0.820 – 0.825 🔺 Very strong resistance — represents the peak of the Gann box at level 0.618
0.780 – 0.800 🔄 Current consolidation area — sideways movements and repeated tests of resistance
0.740 – 0.760 🟩 Medium support — mid-point of the Gann box, good support to protect the bullish trend
0.700 – 0.720 🛑 Very strong support — failing to hold above it means the beginning of a bearish reversal
📈 Technical Signals from Price Behavior:
The price is trying to break through the 0.80 – 0.82 area for the second time.
It is moving within the 0.382 to 0.618 levels in the Gann box, which are critical areas for momentum.
Higher highs and lows have formed supporting positivity, but a breakout is required to confirm the trend.
📌 Technical Forecast:
If Forecast
Breaking 0.825 with a strong close 🚀 Potential rise towards 0.850 – 0.880
Failure to exceed 0.820 and breaking 0.780 🔻 Correction towards 0.740 – 0.720
Breaking 0.700 🚨 Short-term bearish reversal
🟢 Technical Recommendation:
Buying is possible with a retest of 0.780 – 0.790
Stop loss below 0.740
Targets: 0.825 → 0.850 → 0.880
