FET Technical Analysis: Support Holds Firm, $0.40 Breakout Looms

FET's price action is setting the stage for a major move. Key support levels have absorbed selling pressure, leaving the path open for a potential surge toward the $0.40 target.

The Foundation is Solid

Forget the shaky narratives—the chart tells a clearer story. The asset has repeatedly bounced from its established support zone, demonstrating real buyer conviction where it counts. Each successful defense builds a stronger base for the next leg up.

Momentum Builds for the Push

Traders are watching for a decisive close above the immediate resistance. If that barrier falls, the technical setup suggests a rapid re-test of higher levels. The $0.40 mark isn't just a random number; it represents a critical psychological and technical benchmark that, if breached, could trigger a fresh wave of momentum.

The Waiting Game

Now, it's all about confirmation. The market hates uncertainty almost as much as bad coffee at a trading desk. A clean breakout with sustained volume would signal the all-clear, turning cautious optimism into actionable momentum. Until then, the support holds, and the bulls wait—patiently, for once.

FET May Soar to $0.40 with Breakout Above $0.26

If momentum holds, a possible retest of the $0.26 resistance level may be seen for FET. A strong breakout of this point could give even more credence to a positive reversal and may draw in some traders looking to capitalize on a possible continuation play.

Source: crypto Pulse

Looking further, a successful break above $0.26 could pave the way for a MOVE to $0.33, where there might be another pause in price action. With volume support, the upside breakout above $0.33 could easily reach the $0.40 level, marking a trend reversal for FET.

FET Technicals Suggest Decreasing Bearish Strength

The momentum indicators are also reflecting the slowdown in the downward trend. The RSI is placed between the levels of 32 and 33, just above the oversold level, indicating a decrease in the rate of selling pressure. It can be concluded that the market might be entering the phase where reversal or consolidation might take place.

Source: TradingView

On the other hand, the MACD is still below the zero line, which further confirms the dominant bearish market trend. However, the flattening of the histogram indicates a reduction in the bears’ momentum. This is a possible indication that the bearish market is losing its strength, which might lead to a market reversal.

Also Read: FET price Analysis: Symmetrical Triangle Breakout Could Boost The Rally to $0.60