Yesterday I was monitoring the action of $FET and thought it might continue to consolidate. Today, it seems the price is indeed oscillating within a range. Currently, the price is at 0.196, up 3.05% in the last 24 hours, but the trading volume hasn't shown a significant increase.
I noticed on the 4-hour candlestick chart that the price is at 58% of the range, with a key resistance point at 0.21240 above. Meanwhile, on the 1-hour chart, the price is at 77% of the range, with resistance at 0.19780 above. This information suggests that the upside potential for $FET may be limited, as breaking through these resistance points is necessary for further upward movement in the short term.
The reason I mention this is that these resistance points were once significant support or resistance zones; if the price breaks through, it could trigger new volatility. As it stands, the action of $FET remains rather subdued, and the shrinking volume indicates low market participation.
Moving forward, I'll be keeping a close eye on whether $FET can break through the 0.19780 resistance point. If it successfully breaks through, we might see a rally. However, if it continues to be suppressed within this range, we may need to wait for new signals to emerge.
#FetchAI #波段交易 #Review
📊 Multi-timeframe candlestick chart: https://public.bnbstatic.com/image/pgc/20260619/23399d5ffbcf4ba481059ef3788c9b40.png
I noticed on the 4-hour candlestick chart that the price is at 58% of the range, with a key resistance point at 0.21240 above. Meanwhile, on the 1-hour chart, the price is at 77% of the range, with resistance at 0.19780 above. This information suggests that the upside potential for $FET may be limited, as breaking through these resistance points is necessary for further upward movement in the short term.
The reason I mention this is that these resistance points were once significant support or resistance zones; if the price breaks through, it could trigger new volatility. As it stands, the action of $FET remains rather subdued, and the shrinking volume indicates low market participation.
Moving forward, I'll be keeping a close eye on whether $FET can break through the 0.19780 resistance point. If it successfully breaks through, we might see a rally. However, if it continues to be suppressed within this range, we may need to wait for new signals to emerge.
#FetchAI #波段交易 #Review
📊 Multi-timeframe candlestick chart: https://public.bnbstatic.com/image/pgc/20260619/23399d5ffbcf4ba481059ef3788c9b40.png