My current view
Short term: 🟡 there are signs of a recovery.
The milestones I will monitor:
$0.131–0.135: important support. If it holds → positive.
$0.145–0.15: the zone that needs to be broken to confirm stronger buying power.
$0.16–0.17: if this level is surpassed with good volume, the structure will look much better.
If $0.131 breaks, the possibility of returning to $0.12–0.125 is still there.
A fairly positive piece of news is that FET has just been added to Robinhood for spot trading, helping increase accessibility and liquidity; but on 6/8 FET still fell sharply along with the crypto AI group, indicating the market isn’t truly healthy yet.
#FET
Short term: 🟡 there are signs of a recovery.
The milestones I will monitor:
$0.131–0.135: important support. If it holds → positive.
$0.145–0.15: the zone that needs to be broken to confirm stronger buying power.
$0.16–0.17: if this level is surpassed with good volume, the structure will look much better.
If $0.131 breaks, the possibility of returning to $0.12–0.125 is still there.
A fairly positive piece of news is that FET has just been added to Robinhood for spot trading, helping increase accessibility and liquidity; but on 6/8 FET still fell sharply along with the crypto AI group, indicating the market isn’t truly healthy yet.
#FET