Technical analysis by karaco2022 about Symbol FET: Buy recommendation (5/6/2025)

FET/USDT – Daily Technical Analysis On the daily chart , FET has key weekly support at $0.340 and weekly resistance at $2.00. After a strong upward move, the price has now reached the top of its descending trendline, which may lead to a potential short-term correction. This correction could extend down to the daily support level at $0.50, which is around 20% below the current price. However, if the price manages to break above the daily resistance at $0.80, it would signal bullish continuation, with a short-term target at $1.00. 🟢 Support Levels: $0.50 (daily support – potential correction target) $0.340 (weekly support – major long-term level) 🔴 Resistance Levels: $0.80 (daily resistance – key breakout level) $1.00 (initial bullish target after breakout) $2.00 (weekly resistance – major long-term barrier)It reached its resistance level at 0.800 and a correction is possible.