After watching a 65 % decrease over the past two months, the artificial coalition of the contestants (FET) seems ready to take off, with the support of the bullish price movement on both weekly and daily time frames. By continuous price recovery, Fet distinctive symbols receive great attention from traders and investors, which may help to recover assets soon.
Current price momentum
Today, February 21, 2025, Fet is trading near $ 0.778 after an increase of more than 9.50 % over the past 24 hours. During the same period, the trading volume increased by 17 %, indicating an increase in interest from investors and traders compared to the previous day.
Technical analysis of FET and the upcoming levels
According to the technical analysis of Coinpedia, FET appears bullish and prepares for the great bullish momentum, as its artistic indicators thwart a bullish difference in the weekly timetable. In addition, FET appears to be an upward pattern of double prices, and is currently about to complete the second upper upward leg.
Based on historical patterns, if the original exceeds the level of $ 0.70, there is a strong possibility that can rise by 45 % to reach $ 1.10 in the coming days and 165 % in general to restore the level of $ 2.05, which Fet lost in December 2024.
Investors cool expectations
Despite the difficult momentum, some investors empty Fet, as stated by the Analysis Company on the series Coinglass. The data reveals that the stock exchanges have seen an external flow of $ 1.50 million of FET distinctive symbols, indicating that some holders have sold their positions.
Main liquidation levels
Meanwhile, merchants who are currently betting on the long side dominate the original. At the time of the press, the excessive levels of the predecessor are $ 0.731 on the bottom side and $ 0.785 on the upper side, where traders built millions of long and short situations. The data indicates that traders are occupied by long jobs worth $ 1.03 million at a level of $ 0.731 and 270,000 dollars at the level of $ 0.785.
When combining these scales on the chain, some traders seem to benefit from the current market morale, while others, driven by fear, throw the original.
