Fetch.AI / TetherUS
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FET/USDT – Daily Technical Analysis

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FET/USDT – Daily Technical Analysis

On the daily chart, FET has key weekly support at $0.340 and weekly resistance at $2.00. After a strong upward move, the price has now reached the top of its descending trendline, which may lead to a potential short-term correction.

This correction could extend down to the daily support level at $0.50, which is around 20% below the current price.
However, if the price manages to break above the daily resistance at $0.80, it would signal bullish continuation, with a short-term target at $1.00.

🟢 Support Levels:

$0.50 (daily support – potential correction target)

$0.340 (weekly support – major long-term level)

🔴 Resistance Levels:

$0.80 (daily resistance – key breakout level)

$1.00 (initial bullish target after breakout)

$2.00 (weekly resistance – major long-term barrier)

交易進行
It reached its resistance level at 0.800 and a correction is possible.

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