FET has seen a 62% increase in price this week
As of the time of writing, the price of FET has increased by 9% intraday, reaching $1.32. Its market cap has risen to $3.327 billion, placing it 27th globally. The recent 32% surge in spot volume indicated a growing demand, amounting to 278.53million. The liquidity has grown in the asset, as the 24-hour liquidity ratio was at 8.33%.
FET has seen a 62% increase in price this week, resulting in a breakout from the falling wedge pattern. The price has pierced 20-day and 50-day EMA's while turning them into bullish favor.
However, 200-day EMA opposes 200-day EMA, which is now Dependent on future optimism. once it breaks through the 200-day EMA band, the price could experience a rally continuation.
Given that the current northward movement initially originated from a significant demand zone, chances are higher that a boastful rally could continue northward.
FET has seen a 62% increase in price this week, resulting in a breakout from the falling wedge pattern. The price has pierced 20-day and 50-day EMA's while turning them into bullish favor.
However, 200-day EMA opposes 200-day EMA, which is now Dependent on future optimism. once it breaks through the 200-day EMA band, the price could experience a rally continuation.
Given that the current northward movement initially originated from a significant demand zone, chances are higher that a boastful rally could continue northward.
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