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The recent performance of FET coin has attracted investors' follow. Although some expect a significant pump, the current market situation seems less than optimistic. The price of FET coin has been hovering around the resistance level for several days, a situation that in the past often indicated a possible fall.
Historical data shows that the 9th to 11th of each month is usually a high point for FET coin. Currently, it is around the 10th, and the market seems to be waiting for more capital inflow. However, blindly following may not be wise.
For those interested in investing, it may be worth considering to wait for a price pullback to the range of 0.47-0.57 before buying in batches. If the price falls further, 0.47 may become a key support level.
Although there are rumors in the market that the bull market ended in October, the actual situation may not be that simple. The market often surprises people. In my personal opinion, there may be a bottom in October to November, followed by a rise from December to January next year.
Patience is key for investors. The market may continue to test investors' patience, but it is important to remain calm and rational. If FET coin does not rise this quarter, it may be seen as a bubble coin. It is worth noting that retail investors typically do not choose coins that have already become obsolete.
Overall, the FET coin market still carries uncertainty. Investors should act cautiously, conduct thorough market research, and make investment decisions based on their own risk tolerance.