$FET / USDT - price update:
Prices tend to follow my previous chart analysis & retested nicely the 1.140 - 1.100$ support zone.
I was expected a stronger bullish reaction.
The weekly view looks bad and I see a bearish retest daily & H4.
The current price is neutral & move inside the bearish channel [H4].
Bullish pressure is weak against #bitcoin and prices remain stuck below many resistances.⚠️
💡Hence, I expect a dump to retest the 1.00$ key support zone next.
Key resistances to be break: [weekly]
1.400 - 1.700 - 2.100$
Zooming on the weekly view, #FET price could dump more, but as long as the weekly uptrend is holding prices should continue to move upward. [mid term]
Monitor the Weekly uptrends and bearish channel [H4].
🔔Bear in mind that the $fet boomed before many other AI tokens. > 5000%!
Money turnover could flock to other #AI tokens, leading to selling pressure on the #FET price! ❗️
