FET Jumps 9.65% on October 12, but Rally Lacks Confirmed Catalyst
- —FET gained 9.65% to $0.2394 on $200.7M volume, 9.6% above the 30-day average
- —Price trades above the 7-, 15-, 30-, 50-, 90- and 200-day SMAs, RSI at 58.6
- —MACD histogram stays negative; FET is down 6.73% over seven days
- —Annualized volatility of 128.1%; token sits 93% below its $3.44 all-time high
Why it matters: A rally without a confirmed catalyst may prove to be a technical bounce — a trend change needs sustained volume above the intraday high.
Source: DiarioBitcoin