$FET
Moving Averages:
200 SMA: 1.457 (Above Current Price) – Indicates a long-term bearish trend as the price is below the 200 SMA.
VWAP: 1.234 – Acting as a dynamic support around the current price.
RSI (14):
Value: 36.99 – Close to the oversold region, suggesting a potential oversold condition that could attract buyers if the momentum shifts.
MACD (12, 26, 9):
MACD Line: -0.003Signal Line: -0.037Histogram: -0.034 – Bearish momentum with MACD line below the signal line, indicating selling pressure.
Support/Resistance Levels:
Support Level: 1.200 – Immediate support where buyers might step in.Resistance Level: 1.350 – A close above this level is needed to signal a potential reversal.
Bullish Scenario:
If FET/USDT manages to hold above the 1.200 support level and RSI exits the oversold zone, there could be an opportunity for a bullish reversal towards the resistance at 1.350. A break above the 1.350 level could potentially target the 200 SMA at 1.457 as the next resistance.
Bearish Scenario:
If the price fails to maintain support at 1.200, a further downside could be expected, with the next significant level around 1.100. Continued bearish momentum on the MACD supports this downside risk.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Please conduct your own research and consult with a professional financial advisor before making any investment decisions.
