FET / UST

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FET / UST forum





FETUSDT was unable to close above the local resistance zone highlighted in the previous August update and followed with downside potential. Price may attempt to form a double bottom with early August lows, followed by a bounce toward the declining 50DMA.

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
Snapshot


FETUSDT big pump incoming hackathom gonna start in 1 week

I see 1.20-1.50 range incoming soon



FETUSDT is holding mid-term support, as highlighted in my recent market reviews. As long as the price remains above the August lows, I anticipate the uptrend will continue, potentially targeting the May–July highs.

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
Snapshot