Technical Analysis: FET/USDT – Key Levels & Targets 📊
As of the latest data, FET/USDT has shown a solid bullish momentum, gaining 5.06% in the past 24 hours. Let’s dive into the key technical indicators and targets to watch for the next potential price movements.
📈 Current Price: $1.204
24h High: $1.208
24h Low: $1.090
24h Volume:
FET: 31.93M
USDT: 36.49M
Key Indicators:
SAR (Stop and Reverse): The SAR indicator has currently set a value at 1.136, with support at 1.089 and resistance at 1.208. This suggests a bullish trend as the price is trading above the SAR levels.
Moving Average: The price is currently above the short-term moving average, indicating the potential for further upside if momentum continues.
📍 Targets to Watch for:
1. Target 1: $1.208 (Resistance Level)
The first key resistance is around $1.208. A break above this level could signal the continuation of the bullish trend, possibly reaching higher targets. Look for volume confirmation and a solid break past this resistance.
2. Target 2: $1.214 (Psychological Resistance)
Just above the first resistance, the $1.214 level is a key psychological level where bulls may face some selling pressure. A breakout here could lead to a stronger bullish rally.
3. Target 3: $1.250 (Next Major Resistance)
Should the bullish trend maintain its strength, the next major resistance to target could be $1.250, aligning with the market structure from earlier highs.
Key Support:
$1.089: If the price drops below this level, the bullish momentum could be at risk. A strong support zone to watch for potential rebounds.
#DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #BinanceBlockchainWeek #CryptoMarketMoves
