FET/USDT Could FET Make a New ATH Or rejected back to demand ?💎 FET has recently encountered significant market dynamics, experiencing a strong rejection at the resistance of its all-time high (ATH).
💎 There's potential for the price to undergo a downward retracement and retest the demand area to establish new momentum before attempting another breakout.
💎 Alternatively, if FET manages to break out above the resistance without a retest, it probability could signal a move towards our target area.
💎 However, FET needs to bounce from the demand area and resume its upward trajectory in an attempt to break above the resistance level. Failure to do so could result in a breakdown below the demand zone, leading to further downward movement towards the support area.
The support area holds significant importance as it represents the last line of defense for bullish momentum. If this area fails to hold and FET breaks below it, it could signal a continuation of the downward trend.
