• FET is currently retesting the lower boundary of its long-term ascending channel amid rising volatility.
• Key support between $0.20 and $0.28 may trigger a rebound, as this zone historically attracts buyers.
• Upside targets include $0.61 and $1.18, with extended breakout potential toward $3.08 and even $13.00.

Artificial Superintelligence Alliance (FET) continues to move lower, extending its negative price trajectory as market pressure builds. The token has slipped nearly 9.93% in the past 24 hours, although its broader weekly performance has remained relatively stable amid fluctuating sentiment.

FET is currently trading at $0.2782, supported by a sizable 24-hour trading volume of $148.25 million, which has shown stability during the same period, bringing the token’s overall market capitalization to approximately $924.67 million as trading activity cools.

Source: CoinMarketCap

Also Read: FET Price Prediction: Can Bulls Break $0.70 Resistance to Approach $1.60?

FET Chart Signals Weak Momentum but Possible Rebound

The FET weekly chart shows that price is moving along the lower Bollinger Band after experiencing a sharp decline, thus establishing a bearish trend. The price is currently hovering around a crucial level of $0.20-$0.28, which has previously generated a bounce. The moving average of 20 weeks is also above the prices, establishing a bearish trend.

Source: TradingView

The momentum indicators are also weak, with the RSI at 34, which indicates that the sellers are dominant but are also near exhaustion. The MACD continues to be below the signal line, and its bearish behavior has not shown any signs of reversal. The current level of stability may trigger a relief rally if the buyers return.

FET Eyes $13 Breakout as Channel Support Holds

Moreover, the crypto analyst, Jonathan Carter, revealed that the FET is reaching a critical point as it tests the lower line of its long-term ascending channel charted over the two-week timeframe. This level of support has served as a key resistance point during the former recoveries.

Market data reflects a growing level of interest, and the volume is starting to grow steadily, a typical indication of a pullback of the bullish forces into control. The overall trends suggest that a positive shift in market sentiment is underway after a period of slow growth and uncertainty. If the support level maintains its strength, a positive recovery trend might be underway for FET.

Source: X

An effective rebound brings a series of targets back into play, starting with $0.61 and then $1.18. An even more potential breakout could carry the token towards $3.08, and the longer-term potential aligns near the ambitious $13.00 target. Those who are entering early are seeking to ride the angle of the emerging trend, but uncertainty keeps them on the sidelines.

Also Read: FET Price Forecast 2025: Bullish Rebound Could Drive Price to $1.12