While the spot daily trading volume broke through $33 million, the price of $FET also continued to rise further to above $0.205. The increase over the past 24 hours has widened to around 15%, and it has remained consistently among the top spot movers with unusual activity.
Compared with most underlying assets, which often see momentum weakening after a push higher, the market action shows a relatively coherent turnover rhythm. Over the past 24 hours, the spot order matching recorded nearly 200,000 trades, with a trading value of more than $33.2 million. The price trend and the level of trading activity reflect a steady, orderly advance.
However, after the price reached the resistance area around $0.205, competition in the densely traded zone above as well as short-term profit-taking positions has also intensified. The key point to watch after the volume-backed advance is whether the current trading enthusiasm can be converted into stable absorption above the critical level, and whether it can help prevent a choppy pullback after a spike.
#FET #Crypto
Compared with most underlying assets, which often see momentum weakening after a push higher, the market action shows a relatively coherent turnover rhythm. Over the past 24 hours, the spot order matching recorded nearly 200,000 trades, with a trading value of more than $33.2 million. The price trend and the level of trading activity reflect a steady, orderly advance.
However, after the price reached the resistance area around $0.205, competition in the densely traded zone above as well as short-term profit-taking positions has also intensified. The key point to watch after the volume-backed advance is whether the current trading enthusiasm can be converted into stable absorption above the critical level, and whether it can help prevent a choppy pullback after a spike.
#FET #Crypto