$FET /$USDT — market structure
FET is in a long-term downtrend. After the peak, a series of lower highs and lows is formed, confirming a bearish structure on higher timeframes.
The price is consolidating in the 0.14–0.16 range after a previous capitulation to 0.11. Volumes are decreasing, which may indicate an accumulation phase before the next impulse.
Key levels for market reaction:
support: 0.14 → 0.11
resistance: 0.18 → 0.20
Breaking 0.20 will open the way to a change in structure and a stronger recovery. Losing 0.14 increases the risk of retesting 0.11.
Do Your Own Research.