The FET token is showing signs of renewed price stability above $0.8542 on the monthly chart, with a potential double-bottom formation indicating bullish market sentiment. This formation suggests the possibility of a reversal in trend, potentially leading to a target near $3.486. 📈 🎯
The price has been fluctuating within a tight range between $0.8542 and $0.9241, highlighting market indecision but also suggesting stability. Notably, past performance suggests a tendency for FET prices to react positively from similar structures.
If the current pattern holds and momentum builds, FET could potentially break the resistance at $0.9241 and confirm a stronger upward trend. The double-bottom formation is visible on the high time frame (HTF) chart, indicating a potential reversal pattern.