- Artificial Super Intelligence Alliance has a strong prospect after regaining local resistance with support.
- If the purchase pressure can continue to rise, it can be 27.7% more.
The artificial ultra -intelligent alliance (FET) increased 53% in 11 days. At the same time, Bitcoin (BTC) increased by more than 10%. Can FET bulls prepare for a rally?
The FET shows signs of strength after passing $ 0.566.
Source: TradingView’s FET/USDT
For a day, the FET has regained an optimistic market structure. However, it was in a long decline, so investors can wait for a while before buying.
Swing traders can find a long position because the price is up to $ 0.566, which has recently recorded a lower height.
Next to the north, the interest rate was $ 0.75, which was the next price target. There were several major horizontal resistance levels.
The $ 1.05 and $ 1.25 marked in white were especially important in 2024.
The DMI showed that the weakened trend was strong. ADX (yellow) and +di (green) are both strong to 20 or more.
CMF is +0.04. Passing +0.05 will increase significant capital inflow and purchase pressure.
MACD was on the verge of creating an optimistic zero -line crossover, which would be another sign of the buyer domination. Overall, the artificial intelligence alliance tokens are expected to be higher.
Source: COINGLASS
For three months, the liquidation heat map showed that the next magnetic zone was $ 0.6- $ 0.63 and $ 0.85. The liquidation level is rare as a disadvantage.
This was a clue that the FET would be higher in the next few weeks and weeks. Traders should be careful because the discovery of Heatmap does not exclude short -term volatility and fullback.
Source: COINGLASS
Over the last few days, takers have been almost the same. This indicates that the market participants on both sides have been persuaded to go long and short.
After a few weeks of weakness, this equilibrium can be ahead of the optimistic trend.
The trend of Bitcoin can have a big impact on the price fluctuations of the FET. Traders have optimistic reasons, but risk management is important at any time.
Indemnity Clause: The information presented does not make up financial, investment, transactions, or other types of advice, and is entirely the artist’s opinion.