Artificial Superintelligence Alliance

Resistance

Rekt (rektarb.xyz)

Rekt

<p>In Rekt Capital’s latest newsletter, the analysis of Near Protocol (NEAR) and Artificial Superintelligence Alliance (FET) was carried out. The analyst used various line structures to determine where the price of these tokens could be headed next. </p> 
<p>The analysis of <a href="https://www.coingecko.com/en/coins/near" target="_blank" rel="nofollow">NEAR price</a> shows the necessity for a Monthly Close above the Macro Downtrend to initiate a trend continuation in the new Macro Uptrend that began in late 2023. </p> 
<p>Currently, NEAR faces a significant resistance level at the confluence of this Macro Downtrend and the black Range High resistance at $5.97. The asset has been consolidating within a defined range between $4.00 and $5.97 for several months. </p> 
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 <img loading="lazy" decoding="async" width="1024" height="723" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-785-1024x723.png" alt="" class="wp-image-586514" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-785-1024x723.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-785-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-785-768x542.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-785-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-785-2048x1446.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-785-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-785-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-785-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-785-788x556.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-785.png 1000w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>A breakout from this range and a close beyond the Macro Downtrend are essential for NEAR to move forward; until that happens, the consolidation phase is expected to continue.</p> 
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/sui-sees-record-inflow-following-network-downtime-can-this-save-sui-falling-price/" target="_blank">Sui Sees Record Inflow Following Network Downtime: Can This Save SUI Falling Price?</a></em></strong></p> 
<h2 class="wp-block-heading" id="artificial-superintelligence-alliance-fet-is-far-from-breakout"> Artificial Superintelligence Alliance (FET) Is Far From Breakout</h2> 
<p>In contrast, <a href="https://newsletter.rektcapital.co/email/f67229af-5163-48ec-80be-e7c193e7d212/?ref=rekt-capital-newsletter" target="_blank" rel="nofollow">Rekt Capital’s analysis</a> of <a href="https://www.coingecko.com/en/coins/artificial-superintelligence-alliance" target="_blank" rel="nofollow">Artificial Superintelligence Alliance (FET) </a>notes that after breaking its Macro Downtrend, FET has been trading sideways within a macro range of $1.11 to $1.77, with the midpoint marked by an orange boxed area. </p> 
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 <img loading="lazy" decoding="async" width="1024" height="723" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-786-1024x723.png" alt="" class="wp-image-586522" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-786-1024x723.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-786-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-786-768x542.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-786-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-786-2048x1446.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-786-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-786-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-786-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-786-788x556.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-786.png 1000w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Recently, FET has faced resistance at this orange area, indicating a potential drop back to the Range Low for a retest. It appears that FET is still far from a breakout, but it is attempting to establish a base at the Range Low, which may set the stage for future movements across the range. </p> 
<p>The analyst’s observations suggest that FET might be forming a triangular market structure, characterized by clear Lower Highs and Higher Lows, which could lead to a decisive trend movement in the future.</p> 
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<p>The post <a href="https://captainaltcoin.com/this-solid-resistance-could-halt-near-protocol-near-rally-fet-price-still-far-from-breakout/">This Solid Resistance Could Halt Near Protocol (NEAR) Rally: FET Price Still Far From Breakout</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

This Solid Resistance Could Halt Near Protocol (NEAR) Rally: FET Price Still Far From Breakout

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