- FET trades near $0.2669 resistance, and repeated tests highlight the importance of a clean breakout.
- The $0.2371 support level continues to hold, maintaining a defined structure within a narrow 24-hour range.
- A break above the descending trendline may open room toward $0.40–$0.44, based on the current chart setup.
FET hovered near a critical technical point as the market watched for a decisive move above a narrow resistance band. The asset traded at $0.2643, which marked an 11.2% gain over the past day and placed price directly under the key barrier at $0.2669. Traders monitored this area closely because the chart showed several failed attempts along the same line.
Notably, the latest push created a tighter distance between support and resistance, and this reduced buffer added weight to the next move. The setup also followed steady trading within the $0.2371 support area, which continued to anchor the lower boundary.
FET Pressures the $0.2669 Resistance as Tight Range Channels Momentum
The market kept FET close to the upper range of its 24-hour band, and this maintained pressure on the resistance at $0.2669. Each revisit of this level reinforced its importance, as price repeatedly paused before pulling back. However, the increased demand within the current session brought FET back to the same region with more stability. This development aligned with improving positioning against major pairs, including 0.052853 BTC and 0.00007963 ETH, which also recorded gains.
As the chart remained compressed, the pattern created a narrow channel that directed attention toward the breakout trendline. The price moved toward this line with higher consistency, and this movement highlighted how traders tracked momentum across short intervals.
FET Tests Descending Trendline as Stable Support Sets the Stage for a Potential Breakout
The chart revealed a descending trendline stretching across recent highs, and FET approached this line again. The structure showed several touches along the trendline, which made the next test more relevant. However, the asset needed a clear move through that point to confirm control. The chart illustration suggested potential space toward $0.40–$0.44, yet the confirmation depended on a break above both the trendline and the $0.2669 resistance zone.
This setup led the market to monitor price behavior closely because the narrow range allowed faster reactions to any shift. Traders followed these developments as the asset stayed within a defined band over the past sessions. FET held the $0.2371 support level consistently, and this stability connected the short-term action with the broader pattern. The steady reactions above this mark kept the lower structure intact, and this helped shape expectations around the next move. Notably, the controlled range kept attention on the interaction between the support floor and the overhead trendline, which continued to guide the market’s reading of possible trends.
