Markets· ★★· bearish·

FET drops 8.84% to $0.197, tests key support at $0.194

  • —FET fell 8.84% in 24 hours to $0.197268, down 13.31% on the week
  • —Price sits below SMA-7, SMA-15, SMA-30 and VWAP of $0.2099, but above SMA-50 at $0.1934
  • —Volume of $174.23 million is 9.42% below the 30-day average
  • —RSI at 44.4 and stochastic at 4.5 signal weakness and possible oversold conditions
Why it matters: The $0.194 area is the key support to watch; a break lower opens further downside, while reclaiming the $0.21 VWAP would be the first rebound signal.
#FET
Source: DiarioBitcoin
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