$FET jumps 15% ๐ โ can bulls push it beyond $0.1863โ
FET is showing strong momentum after climbing around 15% in 24 hours, with price trading near $0.1794. The AI-token sector is also heating up, gaining much more than the broader crypto market, which suggests fresh attention is moving into AI-related coins.
Trading activity is supporting the move too, while derivatives volume and Open Interest have both increased. Top Binance traders are also showing stronger long positioning, pointing to growing bullish confidence.
But thereโs one important issue ๐ โ exchange reserves are rising. More FET sitting on exchanges could mean additional selling pressure if holders start taking profits.
Technically, $0.1863 is the key level to watch. FET has struggled around this resistance before, so a clean daily breakout and hold above it could strengthen the recovery and potentially open the way toward $0.2129.
If bulls fail here, profit-taking could push FET back toward $0.1473.
For now, $0.1863 is the battle zone. ๐ฅ
FET is showing strong momentum after climbing around 15% in 24 hours, with price trading near $0.1794. The AI-token sector is also heating up, gaining much more than the broader crypto market, which suggests fresh attention is moving into AI-related coins.
Trading activity is supporting the move too, while derivatives volume and Open Interest have both increased. Top Binance traders are also showing stronger long positioning, pointing to growing bullish confidence.
But thereโs one important issue ๐ โ exchange reserves are rising. More FET sitting on exchanges could mean additional selling pressure if holders start taking profits.
Technically, $0.1863 is the key level to watch. FET has struggled around this resistance before, so a clean daily breakout and hold above it could strengthen the recovery and potentially open the way toward $0.2129.
If bulls fail here, profit-taking could push FET back toward $0.1473.
For now, $0.1863 is the battle zone. ๐ฅ
