Downtrend Broken, Target Reached

In previous analyses, we mentioned the importance of the $0.57 support level for FET. The token bounced from this level and successfully broke through its descending trend line. This rally has now reached the short-term target of $0.70, indicating strength in price action.

This breakout suggests that bulls have regained control, opening the door for further upside in the short term.

$0.70 Resistance Now in Focus

With the $0.70 level now being tested as resistance, the next technical target could be $0.75 or higher — provided there’s a solid breakout backed by volume. Continued buying pressure could strengthen market confidence and support further gains.

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Still, traders should be cautious of potential rejections at key resistance points, which may lead to temporary corrections.

Support Range Between $0.65 and $0.61

On the downside, the closest support range lies between $0.65 and $0.61. Holding above this range is crucial for sustaining bullish momentum. If FET can consolidate here, it may offer new entry points for investors seeking exposure to this trend.

As always, monitoring price reaction at support and resistance zones is key for informed decision-making.

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The post FET Price Analysis: Uptrend Confirmed, Next Target in Sight appeared first on Coin Engineer.

Rebound from a Strong Support Zone

After the announcement, the price rebounded from the key support range between $0.65 and $0.61, touching the resistance of the downward trendline. While there’s no confirmed breakout yet, a volume-backed move above this trend could open the door toward the $0.75 level.

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What Levels to Watch Next?

If FET breaks above the trendline with strong momentum, the next target would likely be $0.75. On the flip side, if the support range is lost, the next major support is at $0.57.

Volume remains the key factor to watch, as it may determine the direction of the next major move.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post FET Rises with Buyback Move: Will the Trend Break? appeared first on Coin Engineer.

XRP Price Analysis:

The price of XRP, which has made significant progress in its ongoing case with the SEC, rose to $0.61. According to TradingView data, it continues the day with an increase of over 2 percent.

If XRP manages to win the case, the first resistance zone we can see in the price is at $0.65. The support level in XRP is $0.6.

Fet Price Analysis:

Fet draws attention with the decline. According to TradingView data, the cryptocurrency traded at $ 1.35 continues the day with a decline of more than 6 percent.

If the decline in Fet deepens, the price may drop to $1.2. The next resistance area in Fet is the $1.5 level, where the price also reacts.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post XRP ve Fet Price Analysis – 23 July 2024 appeared first on Coin Engineer.

PEPE Price Analysis:

Popular memecoin PEPE is drawing attention to its current price zone. Memecoin, which is traded at $ 0.00000923, gives hope for the rise in investors.

PEPE experienced a decline, affected by the dynamics in the market. However, it continues to increase by 1.8 percent during the day. In PEPE, the support zone is at $0.00000873, while the resistance zone is at $0.00000973.

FET Price Analysis:

FET also starts the day with stagnation, changing hands at $1.2. FET is looking for new highs after the market collapse after a long downtrend.

The support zone for the cryptocurrency, which is currently traded at $1.2, is at $1.1 while the resistance zone is at $1.3.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post PEPE and FET Price Analysis – 10 July 2024 appeared first on Coin Engineer.