bullish

Value

when

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-anticipate-fet-price-increase/" data-wpel-link="internal">Investors Anticipate FET Price Increase</a><br></p>
<p class="p1" style="text-align: justify">One of the most popular projects in the field of <a href="https://futurearticles.co/openai-gpt-4o-vs-anthropic-claude-3-5-who-will-win-the-duel/" target="_blank" rel="noopener" data-wpel-link="exclude">artificial intelligence</a>, FET’s price could gain in the coming days if demand increases on the investor side. FET <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> are expecting the price to rise again because it could bring them significant profits. Let’s examine the possible scenarios on the FET front with important data and detailed chart analysis.</p> 
<h2 class="p1" style="text-align: justify" id="what-is-happening-on-the-fet-front">What is Happening on the FET Front?</h2> 
<p class="p1" style="text-align: justify">Trading at the $0.85 level, FET’s price is below the $0.90 resistance that has held the <a href="https://en.coin-turk.com/exploring-the-surge-in-social-activity-for-bitcoin-and-chainlink/" data-wpel-link="internal">altcoin</a> back for the past week. As shown by the Global In/Out of the Money (GIOM) indicator, a rise above this could lead to investors losing their profits. According to this indicator, approximately 396.68 million FET, valued at just under $350 million, could soon see profits. The supply purchased between $0.86 and $1.19 will become fully profitable once the FET price reaches $1.20.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-379086 size-full" src="https://coin-turk.com/wp-content/uploads/2024/08/fet.webp" alt="" width="2412" height="680"></p> 
<p class="p1" style="text-align: justify">This situation is not far off but is also far enough to delay profits. However, this does not change the potential future profits that place the altcoin in the bullish zone according to the Market Value/Realized Value (MVRV) ratio. The MVRV ratio evaluates investor profit and loss.</p> 
<p class="p1" style="text-align: justify">Currently, the altcoin’s 30-day MVRV data is at -22%, indicating losses and potential buying pressure. Historically, FET’s MVRV data between -11% and -24% generally marks the beginning of uptrends and identifies this area as an accumulation opportunity zone. Therefore, when demand and accumulation come together, it can push FET prices even higher.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-379085 size-full" src="https://coin-turk.com/wp-content/uploads/2024/08/fet-veri.png" alt="" width="3840" height="1300"></p> 
<h2 class="p1" style="text-align: justify" id="fet-chart-analysis">FET Chart Analysis</h2> 
<p class="p1" style="text-align: justify">FET’s price is currently consolidated between $0.90 and $0.85, and the altcoin needs to break the upper limit to show further upward movement. If investors focus on accumulation, this is likely to happen. If this resistance is broken, the altcoin could face resistance at $1.04, known as a critical support base.</p> 
<p class="p1" style="text-align: justify">Overcoming this will allow FET to rise further and make the above-mentioned supply profitable. However, if the demand is not strong enough to push the altcoin above $1.04, it will experience horizontal movement. If this continues, the bullish thesis could be invalidated.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-379084 size-full" src="https://coin-turk.com/wp-content/uploads/2024/08/fet-grafik.webp" alt="" width="1754" height="768"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-anticipate-fet-price-increase/" data-wpel-link="internal">Investors Anticipate FET Price Increase</a></h5>
<p>The post <a href="https://en.coin-turk.com/investors-anticipate-fet-price-increase/" data-wpel-link="internal">Investors Anticipate FET Price Increase</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Investors Anticipate FET Price Increase

Table of Contents

COINTURK NEWS

Other articles published on Aug 12, 2024

OKX's Venture Arm and Aptos Foundation Announce $10M Fund to Boost Aptos Ecosystem

Bitcoin Retreats Below $60K as Liquidity Heatmap Outlines the Next Crucial Support Line

Ethereum Spot ETF Records A Positive Weekly Inflow For The First Time Ever!

Whales Buy Ethereum Below Resistance

Spot ETH ETFs Record First Positive Weekly Inflows Amid Price Struggles

Solana Bears Get Activated: Aim to Drag the SOL Price Below $137—Here’s What’s Next!

Join our free newsletter for daily crypto updates!