FET Approaching Resistance: Will the Bulls Finally Prevail?
2024-11-29

Yello, Paradisers! Have you noticed #FETUSDT’s recent setup? It’s gearing up for what could be a massive breakout, and the next few days might determine whether bulls finally seize control after 175 days of resistance. Let’s dive in!

💎#FET is approaching a key breakout level, with its immediate resistance zone sitting between $1.75 and $1.85. This area has served as a major barrier since June 2024, preventing price advancement for nearly six months. However, recent price action shows FET forming an ascending triangle pattern—a structure often associated with impending breakouts.

💎If bulls manage a decisive push above the $1.85 level, price would see a rapid rally toward the psychological $2.00 level, followed by a move towards the strong resistance levels of $2.35 to $2.65. These levels are the major price targets for FET.

💎On the downside, FET remains well-supported. The ascending trendline at $1.35 provides initial strong Support. Slightly below this level is the strong horizontal supports between $1.31 to $1.24 levels. This region combines with the ascending support level to forms a solid foundation, limiting downside risks for now.

💎Adding to the bullish case is the imminent golden cross formation, where the 50-day moving average (MA-50) is about to cross above the 200-day moving average (MA-200). This is a classic bullish signal that could further boost FET’s upward momentum.

Keep a close eye, Paradisers. Watching these key levels will be essential to navigating FET’s next move. Remember, a disciplined approach is your best asset for long-term success!

MyCryptoParadise
iFeel the success🌴