FET drops 7% to $0.157, tests $0.1562 support
- —Down 7.04% in 24 hours to $0.157, monthly gain reduced to 28.57%
- —Price broke below SMA-5, SMA-7 and SMA-15, MACD gave a bearish signal
- —Key support is $0.1562 (50% Fibonacci level over 90 days)
- —Volume at $118 million is 9.23% below the 30-day average — no signs of capitulation
Why it matters: A technical pullback after a rally: holding $0.1562 will preserve the bullish structure, while a break opens the way to SMA-50 at $0.1501.
Source: DiarioBitcoin