All Time High
FET Double Top Signals Bearish Target Met, Surge Expected Soon
FET, a popular altcoin, has formed a double top formation on its 15-month price chart, indicating a bearish target has been met. The current price of FET is trading around $0.219, down by over 7% in the last 24 hours and down by over 13% in the last 7 days. Analysts predict that FET could see a significant surge soon, with the price needing to recover over 93% to reach its previous all-time high of $3.47 set three years ago. The analyst noted that FET's bearish target is currently at $0.2200, and a successful retest of $0.2330 would invalidate this target. FET is attempting to build a weekly base, with Fibonacci support levels at $0.219, $0.200, and $0.181. A successful retest of these levels could lead to a higher low and a potential breakout attempt. The next supply zone is around $0.38 – $0.45, and a larger recovery would require FET to clear the level of $0.7939, bringing the price back into focus at $2.2037 and $3.4744, the historical reference points for the asset.