$FET is up 11%… but the real test is still ahead.❕📈
#FET pushed to around $0.201 after a 11.24% rally, with spot volume also jumping 35.69%. Buyers are clearly back in the game, but $0.210 is the zone they REALLY need to break.
Why? That area has been acting as major supply. A clean daily close above $0.210 could open the door toward $0.2538.
The bullish side is getting support from MACD too. The MACD line is at 0.0091 vs 0.0059 signal, while the histogram is expanding. Momentum is still looking strong.
But there’s one warning ⚠️
FET exchange reserves jumped 14.01% to around $41.7M. More coins sitting on exchanges means more potential sell-side liquidity if holders decide to take profit.
And leverage is heavily tilted long. Binance top traders are around 72.89% long vs 27.11% short, with a 2.69 Long/Short ratio. Funding is also positive at 0.0166%.
That can fuel the breakout… but if $0.210 rejects, crowded longs could get squeezed.
So I’m watching two levels closely:
$0.210 → breakout confirmation 🚀
$0.1742 → key support if the move fails
FET is at the door. Now we see if buyers can actually break it. 👀🔥
#FET pushed to around $0.201 after a 11.24% rally, with spot volume also jumping 35.69%. Buyers are clearly back in the game, but $0.210 is the zone they REALLY need to break.
Why? That area has been acting as major supply. A clean daily close above $0.210 could open the door toward $0.2538.
The bullish side is getting support from MACD too. The MACD line is at 0.0091 vs 0.0059 signal, while the histogram is expanding. Momentum is still looking strong.
But there’s one warning ⚠️
FET exchange reserves jumped 14.01% to around $41.7M. More coins sitting on exchanges means more potential sell-side liquidity if holders decide to take profit.
And leverage is heavily tilted long. Binance top traders are around 72.89% long vs 27.11% short, with a 2.69 Long/Short ratio. Funding is also positive at 0.0166%.
That can fuel the breakout… but if $0.210 rejects, crowded longs could get squeezed.
So I’m watching two levels closely:
$0.210 → breakout confirmation 🚀
$0.1742 → key support if the move fails
FET is at the door. Now we see if buyers can actually break it. 👀🔥
