Technical analysis by Kat-Crypto-Street1 about Symbol FET: Buy recommendation (7/6/2024)

FETUSDT has established a key support level at $1.25, suggesting a potential rebound. With previous resistance now serving as support, it is advisable to consider buying below $1.25 and implementing a stop loss at $0.97. The asset is positioned for higher highs. Set initial price targets at $1.50 (TP1) and $1.87 (TP2), with a more ambitious target at $3.10 (TP3). Additionally, monitor for the next significant target at $5.00.