FET Trades Above Major Long-Term Support Zone, Several Key Resistance Levels Ahead

• FET trades above major long-term support zone.
• Several key resistance levels lie ahead for the altcoin. 
• How high will the price of FET surge this year?

The crypto community is pleased to see the pioneer crypto asset, Bitcoin (BTC) trading over the $64,000 price level once again, just as the final week of July approaches. At the moment, reputed analysts are keeping a close eye on the price movements of several promising altcoins, one of which is FET. Presently, sentiments are high as FET trades above major long-term support zone. 

FET Trades Above Major Long-Term Support Zone

According to CoinMarketCap analytics, the price of FET is currently trading in the $0.15 price range, meaning that the asset is up by over 5% in the last 24 hours. However, on the 1-month chart, the price of FET is down by over 6%, while on the yearly chart, the asset is down by about 78%. Analysts are now noticing several bullish signals forming on the FTE price chart and are hoping to see an explosive run soon. 

As we can see from the post above, the price of FET is trading above a major long-term support zone, with several key resistance levels defining the next bullish expansion. After a prolonged correction, price has stabilized near the lows and continues to defend the same area where buyers have repeatedly stepped in. Based on this observation, the expert believes that as long as this support holds, the higher timeframe structure remains constructive. 

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