- 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.
EliZ said FET has reached a major resistance area where the next direction could develop. The analyst expects another 20% to 30% advance if price confirms a clean breakout.
Other analyst commentary also referenced prior reclaims around $0.288 and $0.342. Alaoui Capital identified $0.467 as the next major order block following the broader trend break.
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: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
