FET, facing strong bearish pressure, is approaching a critical point at $0.966. ๐ This level will determine if it rebounds or continues its descent. Investors are closely watching technical indicators and market sentiment for clues.
FET is currently trading around $1.30, down 3.10% in the last 24 hours, with a market cap over $3 billion and trading volume above $99 million. ๐๐
On the 4-hour chart, FET is below the 100-day SMA and a bearish trend line, aiming towards the crucial $0.966 support level. ๐๐
The 1-day chart shows FET trading bearishly below the 100-day SMA and trend line, with indicators suggesting potential further declines towards $0.966. ๐๐
Possible scenarios: If FET breaks below $0.966, it might test $0.459; if it rebounds, it could target $1.862 and beyond. ๐โ๏ธ๐
Stay tuned for more crypto insights! ๐ Remember, cryptocurrency investments carry risks. Do your research before investing. ๐