FET update and current levels/moves
2024-12-03


  BINANCE:FETUSDT  made it above the major resistance since june 2024 and perfectly retested the previous resistance for support (reistance > support flip). it's high was at about 1.97$, now at around 2.09$ is the 50% fib level to break so I assume that's the next point of interest.

either it bounces between the 50 and new support before breaking or it goes through right away, attempts to break the golden pocket at 2.50 and then retraces/consolidates slightly towards the 50% fib.

given the current altcoin season sentiment it's unlikely that we see another confirmed break bellow the newly formed support and a touch of the steeper trendline until 2025.