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FET tests descending resistance near $0.23 as analyst spots rally pattern

  • FET is testing a descending resistance line on its weekly chart.
  • FET is currently trading around $0.23.
  • An analyst compared the pattern with earlier setups followed by significant price rallies.

FET is trading around $0.23 while testing a descending resistance line on its weekly chart. An analyst has identified a pattern resembling previous setups that were followed by significant price rallies, drawing attention to the token’s current market structure. A descending resistance line is a downward-sloping price barrier that can limit advances until buyers push above it.

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