FET Daily Gains Outperform BTC, ETH, and SOL: What’s Next?

FET’s Strong Performance

Despite generally bearish market sentiment, AI cryptocurrency FET has surged 28% in the past four days, outperforming Bitcoin [BTC], Ethereum [ETH], and Solana [SOL]. Currently, FET is priced near $1.40, up more than 8% in the past 24 hours.

Technical Analysis

FET’s price faces strong resistance near $1.5. If FET closes above $1.5 on a daily basis, it is expected to rise further by 26% to $1.95 or even higher. This prediction is supported by FET trading above the 200-day EMA, showing that it is in an uptrend.

On-chain Data

FET’s futures open interest has risen by 25% in the past 24 hours and has been increasing since September 6. Meanwhile, the long/short ratio is 1.03, indicating a bullish market with more traders betting on an increase in FET prices.

Future Outlook

FET's strong performance and on-chain indicators suggest that it may continue to rise in the future. Increased trading volume and active futures markets further support this view.

(Early review strategy analysis of Bitcoin BTC and Ethereum ETH from Monday to Saturday, long-term recommendation of high-quality coins and live analysis, and occasional sharing by Cai Fu Mi Ma) #新币挖矿HMSTR #美降息25个基点预期升温 #灰度将推出首个美国XRP信托