Altcoin FET Enters a Correction Phase After Latest Rejection, Analysts Reveal What Prices to Watch

Cryptonewsland2026/10/08 14:48

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Altcoin FET enters a correction phase after latest rejection.
Analysts reveal what prices to watch next.
Will the altseason peak phase arrive soon and take FET to new ATHs.

The crypto market enters a short correction phase, which analysts believe will conclude over 2-3 weeks. Already, the price of Bitcoin and Ethereum have dipped from $87,000 to $82,000 and $2,700 to $2,500, respectively. This correction is playing out differently for different altcoins. Specifically, altcoin FET enters a correction phase after the latest rejection, leading to analysts revealing what prices to watch for next.

Altcoin FET Enters a Correction Phase After Latest Rejection

According to CoinMarketCap analytics, the price of FET is currently trading at $0.23, showing that the asset is down by 1.27% in the last 24 hours and down by almost 2.5% in the last 7 days. However, over the last 30 days, the price of FET is up by over 23%. The altcoin will need to see a pump of over 93% to reclaim its previous ATH set 3 years ago at $3.47.

As we can see from the post above, this post goes on to explain why the price of FET has been dropping over the last 7 days. To highlight, the expert confirms that the price of FET is correcting after rejection near $0.265 – $0.270, but the broader structure still shows higher lows. Presently, the price of FET is trading around $0.233 after testing the latest support zone at $0.221 – $0.225.

Analysts Reveal What Prices to Watch

What’s more, the post confirms that spot volumes have remained strong throughout the move, supporting the broader recovery. Thus, buyers now need to defend this support zone and reclaim $0.240. A breakout followed by a retest that holds could trigger a move towards the $0.250 – $0.257 price range, with the $0.265 – $0.270 price range expected after. The key to avoid is a break below the $0.220 price level.

Adding to the conversation, the analyst in the post above highlights how the price of FET is far from its previous ATH. At the moment, the analyst believes that FET is attempting to recover from its weekly base. Thus, he claims that the first real test is reclaiming the $0.3 – $0.45 price range, and holding it through a retest.

The post then goes on to conclude that in a sustained bullish reversal, he is watching $1, $2.10, and then the historical high near $3.50 for FET to surge to. That final level sits roughly 1,336% above the chart’s $0.2437 price. It requires a full trend recovery, not just a bounce. A weekly close below $0.12 invalidates this recovery scenario.

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.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

The U.S. Federal Communications Commission (FCC) has approved Starlink Mobile Gen2's application to launch 15,000 satellites. Low-frequency radio waves can expand coverage and enhance signal penetration through walls and tree canopies, improving indoor reception. The share prices of T-Mobile, Verizon, and AT&T each fell by nearly 7% in after-hours trading. On October 8, Reuters reported that SpaceX reached an agreement on Thursday to acquire a nationwide portfolio of low-frequency spectrum, enabling Elon Musk's satellite company to directly challenge giant traditional wireless carriers across the United States from orbit. While Starlink Mobile’s existing global 2 GHz mid-band spectrum offers high bandwidth capacity, the new spectrum will allow signal penetration through obstacles. Financial terms of the deal were not disclosed. Low-frequency bands are favored for their longer transmission ranges and ability to penetrate dense structures like walls and tree cover—addressing a major technical challenge previously faced by satellite-based mobile networks. By combining nationwide low-frequency radio coverage with high-frequency space transmission, SpaceX is positioning Starlink Mobile to entirely bypass traditional cell towers, challenging the wireless oligopoly both in wide-area coverage and indoor signal reliability. This deal also increases competitive pressure on traditional operators, shifting direct-to-device satellite technology from a supplementary feature for remote dead spots to a comprehensive commercial rival to terrestrial cellular networks. The share prices of T-Mobile US, Verizon, and AT&T each dropped nearly 7% in after-hours trading. “Incumbent wireless carriers have been publicly skeptical, arguing that SpaceX’s network quality could not match theirs,” said analysts at William Blair. “We expect SpaceX to launch very attractive bundled packages of Starlink broadband with Starlink Mobile, and the company may include Grok in these bundles.” The deal involves acquiring 100% of a nationwide 800 MHz spectrum portfolio from private equity firm Grain Management, pending regulatory approval from the FCC. Earlier this year, Grain had acquired this spectrum from T-Mobile. Crucially, most existing, unmodified mobile phones already support the 800 MHz band, so consumers will not need to purchase special satellite phones. This week, the FCC also approved Starlink Mobile’s application for its second-generation satellite constellation, authorizing SpaceX to launch 15,000 satellites worldwide optimized for the 2 GHz band. This new satellite array will operate in very low Earth orbit, providing regular smartphones with higher bandwidth and low-latency connections.

路透社•2026/10/08 22:36