FET technical analysis suggests potential recovery targets

Technical analysis for FET indicates a complex recovery path characterized by critical support and resistance levels. Analysts suggest that for a sustained recovery to occur, the asset must hold support at $0.1395 and reclaim the $0.8507 level.

Key Fibonacci resistance checkpoints include $1.81 and $2.21. If the price breaks above $3.49, technical projections suggest a potential move toward a $5.56 extension target.

Alternative market frameworks suggest FET is currently in an accumulation phase, consolidating between $0.12 and $0.21. Some models anticipate a potential liquidity sweep below the $0.12 range toward historical demand zones between $0.047 and $0.059 before a structural bullish reversal can be confirmed. A successful break and retest of the descending trendline, followed by a close above the $0.307–$0.393 supply zone, could lead to a long-term target of $2.14.