SasanSeifi| From $1.00 to $1.70, What's Next for This Asset!?
2024-11-10

Hey there, ✌On the daily time frame  BINANCE:FETUSDT , as you can see, we’ve seen a notable price increase from the demand zone around $1. At the moment, the downward trendline that had previously capped the market has been broken, and the price is now trading around $1.50. The overall market sentiment appears to be shifting bullish, and it is expected that the price could rise to the levels of $1.60 – $1.70.

After this, considering the possibility of a consolidation or pullback phase, it is anticipated that the price will continue its upward movement and may reach the $1.90 level, followed by the $2 supply zone. If the price continues to rise, it will be crucial to closely monitor how the price reacts at these key levels in order to gain a better understanding of the next potential moves.

The current important support zone is at $1.35.

Therefore, before making any decisions regarding entry, it is highly recommended to carefully analyze the overall market conditions and pay close attention to the key support and resistance levels.

This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊