The Bulls have demonstrated impressive gains
The Bulls have demonstrated impressive progress in the FET cryptocurrency, with the crypto being mostly bullish since February 2024 and peaking at $3.50 by forming a higher high structure by the end of March 2024.
During the first and second weeks of April, prices experienced a correction as bears attempted to intervene but were unsuccessful by the second week, and failed to push the market more downwards in their favor. Meanwhile, Support was established at $1.80, and starting from the third week of April, prices rose slightly after stabilizing at this level.
At press time, the FET is currently trading at $2.45 with an intraday surge at 1.33%, and $213.40 million 24-hour volume on major tradeable platforms.
Therefore, the price action highlights that the price is optimized for a more spectacular rally in the coming session. Similarly, if the bulls push the market strongly the FET could surpass the supply of $3.50, and in the meantime, the in-between resistance would be $3.00.
However, if the FET fails to hold on to critical support of $1.80, then the bears will intervene strongly and push the market downwards to the lower depths.
During the first and second weeks of April, prices experienced a correction as bears attempted to intervene but were unsuccessful by the second week, and failed to push the market more downwards in their favor. Meanwhile, Support was established at $1.80, and starting from the third week of April, prices rose slightly after stabilizing at this level.
At press time, the FET is currently trading at $2.45 with an intraday surge at 1.33%, and $213.40 million 24-hour volume on major tradeable platforms.
Therefore, the price action highlights that the price is optimized for a more spectacular rally in the coming session. Similarly, if the bulls push the market strongly the FET could surpass the supply of $3.50, and in the meantime, the in-between resistance would be $3.00.
However, if the FET fails to hold on to critical support of $1.80, then the bears will intervene strongly and push the market downwards to the lower depths.
Penafian
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