FET / UST forum
Macro support remains at 0.50–0.45. The weekly structure stays bullish for the long term, as long as price holds above April lows.
Daily chart: tradingview.com/x/l849MCzo/
Weekly chart: tradingview.com/x/2Wa2Z8E6/
Previously on further downside potential (Aug 7): tradingview.com/symbols/FETUSDT/minds/?mind=JczHc4TBRvyEQtKm3w0ICw&exchange=BINANCE


I see 1.20-1.50 range incoming soon


However, I expect a more prolonged consolidation and base-building phase before a sustainable advance can materialize.
Should the price face resistance at its moving averages and fail to close above them, this scenario could trigger another wave down into the macro support region at 0.5–0.45.
Chart: tradingview.com/x/DOOhBYFF/
For further context on the broader macro structure, see my previous analysis: Idea: Jul 20 | Crypto-market review
