Artificial Superintelligence Alliance (FET) has recorded a sharp upward move in recent sessions, rising by more than 70% over the past week. The rally follows a prolonged period of weakness and has drawn renewed attention from market participants as the token approaches a technically significant price zone.

While the recent momentum suggests increased buying activity, broader cryptocurrency market conditions remain mixed. This raises an important question: whether the current move represents the beginning of a stronger recovery phase or whether the rally could slow as price approaches key resistance levels.

FET technical analysis

FETUSD - 1 Day Time Frame

FET is currently approaching the 0.5 Fibonacci retracement level of the broader bearish structure, an area that often acts as an important decision zone for market participants. Price reactions around such retracement levels frequently indicate whether a move represents a temporary correction or the early stages of a broader trend shift.

Just above this level lies a notable Buy-Side Liquidity zone, which may partly explain the recent upward movement. Markets often move toward areas where a concentration of pending orders is expected, as these zones tend to attract liquidity and increased trading activity.

The behavior of price following a potential liquidity sweep could therefore provide important signals about the next phase of the market structure. A sustained reaction above this zone could indicate strengthening short-term momentum, while a rejection may suggest that the broader bearish structure remains intact.

FET price target

If bullish momentum continues and price manages to maintain strength after interacting with the nearby liquidity zone, attention could shift toward the next potential Buy-Side Liquidity levels near $0.31, $0.39, and $0.46. These areas represent possible technical reference points where increased market reactions may emerge.

Conversely, if upward momentum weakens and selling pressure returns, the recent rally may prove to be part of a corrective move within the broader downtrend. In such a scenario, price could move back toward the nearest Sell-Side Liquidity zone near $0.13, where market participants may again assess demand.

From a broader perspective, the current market structure suggests that FET is approaching a key technical decision point. Price behavior around the current liquidity zone will likely play an important role in determining whether the recent rally develops into a more sustained upward move or remains part of a larger corrective phase.

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