FET/USDT Strong Bullish Movement, Could FET Bounce from support?💎 FET has been a significant player in the cryptocurrency market, and its current position is key to its market trajectory. FET is undergoing a retesting phase at a support area, which was previously a key resistance level. If this retesting phase proves to be successful, we can expect FET to bounce off this support and continue its ascent, potentially creating new highs at a strong resistance area.
💎 However, if FET struggles to recover during this retesting phase and fails to show a positive response at the support level, there's a risk it could lose this support or even break below it. Such a scenario would shift FET's direction towards a downward movement, with the Bullish OB area becoming the next critical point.
💎 The Bullish OB area, particularly around $0.465, is pivotal for FET's market direction. For FET to resume its upward trend, it’s essential that it rebounds from this area and reclaims a position above the resistance level.
💎 Failure to bounce from the Bullish OB area or a breakdown below it could signify a shift to a bearish trend, potentially leading FET towards further decline to the demand area or even a stronger demand zone.
