FET Technical Analysis in Weekly Timeframe

Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

FET is down 80% from its all-time high and is currently holding support at $0.712. If this support holds strong, the price is likely to rebound to $3-$4.

The RSI is close to the oversold zone and is forming a hidden bullish divergence, indicating a bullish signal for FET.

Key levels:

- Accumulation: $0.460 to CMP
- Primary Resistance: 21 EMA at $1.424
- First Target: $3-$4
- Higher Target (Long-term): $10-$12

DYOR, NFA.

Thanks

#Crypto #FetchAI
Chart PatternsFETFETUSDTTechnical IndicatorsTrend Analysis