FET's current market movement is quite interesting—currently trading around 0.3120, firmly above the 7-hour, 25-hour, and 99-hour moving averages (at 0.300, 0.293, and 0.258 respectively). This arrangement clearly indicates a bullish dominance.
The key point is: if it can effectively break through and stabilize above the 0.320-0.325 zone (the recent rebound high), the subsequent upward potential will essentially be unlocked. This requires genuine buy-in with real capital; it can't just be a false move.
Support levels below are at 0.300-0.293 (where the short-term moving averages converge), and further down is the 99-hour moving average at 0.258, which is a strong support.
From the trading volume perspective, activity is currently moderate, with occasional pulses of buying interest. To sustain this upward trend, the most critical factor is whether it can retake that recent rebound high and be supported by continuous buying momentum. Otherwise, it may fall into sideways consolidation.
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ClassicDumpster
· 01-08 14:30
0.32 is the key level that can't be broken, otherwise it's all for nothing. The moving average arrangement looks quite comfortable, but really, it takes large funds to come in.
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Ser_Liquidated
· 01-06 13:53
FET will break 0.325 to be enjoyable, otherwise it's still a consolidation fate.
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LiquidityWizard
· 01-06 13:53
honestly the 0.320-0.325 breakout is statistically significant or whatever, but like... where's the actual volume tho? this looks like classic fakeout territory to me. the ma stack is *technically* bullish yeah but i've seen this movie before and it usually ends in disappointment lol
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POAPlectionist
· 01-06 13:50
0.32 yuan is a hurdle; you have to really put in the effort to break through, otherwise it's just a false alarm.
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MEVSandwich
· 01-06 13:44
0.32 only stands firm then I dare to look bullish, now it's just a fake move.
FET's current market movement is quite interesting—currently trading around 0.3120, firmly above the 7-hour, 25-hour, and 99-hour moving averages (at 0.300, 0.293, and 0.258 respectively). This arrangement clearly indicates a bullish dominance.
The key point is: if it can effectively break through and stabilize above the 0.320-0.325 zone (the recent rebound high), the subsequent upward potential will essentially be unlocked. This requires genuine buy-in with real capital; it can't just be a false move.
Support levels below are at 0.300-0.293 (where the short-term moving averages converge), and further down is the 99-hour moving average at 0.258, which is a strong support.
From the trading volume perspective, activity is currently moderate, with occasional pulses of buying interest. To sustain this upward trend, the most critical factor is whether it can retake that recent rebound high and be supported by continuous buying momentum. Otherwise, it may fall into sideways consolidation.