FET/USDT Analysis – 4-hour Chart
Visible chart pattern: The asset is trading within a clearly defined upchannel on the 4-hour chart, with a moderate probability of continuation of the upward move as long as the price remains above the pivot zone. The current price (0.2375) has consolidated near the middle of the channel after a rebound off the base.
Relevant technical points:
Immediate support in the pivot zone at 0.2368, currently being tested
Technical resistance nearby at 0.2499, with the previous top of the channel at 0.2600
RSI(6) at 65.44, indicating buying strength and nearing the overbought area, without extreme levels that would suggest an immediate reversal
Scenario readout:
Holding above 0.2368 is positive for another attempt at the 0.2499 resistance. On the other hand, losing this support may cause the price to test the lower base of the channel again.
Important notice: This is a technical analysis based on visual indicators and does not constitute investment advice. Cryptocurrency markets are volatile, and each investor should assess their own profile and risk before any decision.
#FETUSD #Fetch.ai $FET
Visible chart pattern: The asset is trading within a clearly defined upchannel on the 4-hour chart, with a moderate probability of continuation of the upward move as long as the price remains above the pivot zone. The current price (0.2375) has consolidated near the middle of the channel after a rebound off the base.
Relevant technical points:
Immediate support in the pivot zone at 0.2368, currently being tested
Technical resistance nearby at 0.2499, with the previous top of the channel at 0.2600
RSI(6) at 65.44, indicating buying strength and nearing the overbought area, without extreme levels that would suggest an immediate reversal
Scenario readout:
Holding above 0.2368 is positive for another attempt at the 0.2499 resistance. On the other hand, losing this support may cause the price to test the lower base of the channel again.
Important notice: This is a technical analysis based on visual indicators and does not constitute investment advice. Cryptocurrency markets are volatile, and each investor should assess their own profile and risk before any decision.
#FETUSD #Fetch.ai $FET
