Crypto
FET Price Faces Crucial Test Around $0.21 Supply Zone
FET's price has surged by 11.24% to $0.2012 at press time, driven by heightened spot participation.
This recovery also pushed FET towards a crucial supply zone of $0.2100, which is part of a broader supply area extending above the current price.
The market buyers faced a more demanding test after driving FET through the $0.1742-resistance level, and sustained trading activity will be key in helping buyers counter selling pressure around this supply zone.
Rising exchange reserves also complicated the recovery, increasing the amount of FET available across exchange wallets as its price pushed towards the overhead supply.