FET Price Eyes 30% Rally as 11-Month Downtrend Breaks Higher
- FET broke its 11-month downtrend and now tests major resistance.
- Analysts see another 20% to 30% gain after confirmation.
- Support near $0.20 remains important as momentum begins improving again.
FET price is testing a major resistance area after breaking an 11-month downtrend, according to several analysts. The token traded near $0.2486 in the latest weekly snapshot, down 1.78%. However, improving momentum and a stronger structure have renewed interest in a potential breakout toward higher resistance levels.
FET Price Tests Key Resistance After Long Downtrend Break
FET price has stabilized after falling from above $3.40 during early 2024. The token eventually bottomed near $0.20 during mid-2026 before forming a tighter trading range.
That range has remained largely between $0.20 and $0.30. The RSI now stands near 58.01, showing recovery from previously weaker momentum.
FET Price Breakout Could Put $0.50 Target Into Focus
FET price now needs stronger confirmation before the next upside leg gains credibility. Immediate resistance remains concentrated between roughly $0.30 and $0.40.
A clean break above that range could place $0.50 into focus. Lucky also described the current structure as a possible start of a larger move.
The FET breakout remains supported by an improving higher-timeframe structure. However, a retest of former resistance could determine whether the move develops into a sustained trend.
FET price still has important downside levels to defend. Support sits near $0.20, which has acted as the base for the recent stabilization.
A break below that support would weaken the current setup. Holding above it would keep the broader recovery structure intact while traders assess the $0.467 resistance zone.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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