The price of token FET has been in a declining state for the past few months, but recent events may indicate a possible recovery.
Breakout from Long-Term Downtrend
Since late 2024, the price of FET faced significant selling pressure while remaining below a descending trendline. However, in mid-April 2025, the token managed to break through this resistance, signaling a market structure shift with higher highs and higher lows forming.
Key Resistance Levels and Market Structure
FET is trading below its 200-day simple moving average at around $1.06. Immediate resistance remains at the $0.80–$0.85 range. A breakout of this zone may open the door for movement toward the psychological $1.00 level.
Investment Recommendations for FET
While FET shows signs of recovery, caution is advised. Support is established in the $0.68–$0.70 range; losing this support could raise concerns among traders.
FET has reached an important turning point in its price dynamics, with further movement dependent on maintaining key levels.
