FET entered the new year with notable strength, rebounding sharply after an extended period of consolidation. This sudden acceleration has shifted short-term sentiment and returned the asset to the attention of cryptocurrency market participants. However, the sustainability of this move will largely depend on how price behaves around nearby technical levels.

FET technical analysis

FETUSD - 4-Hour Time Frame

FET has shown a clear resurgence in recent sessions, rising by nearly 50% since the start of the year and catching a large portion of the market off guard. This advance followed a series of breaks above key resistance levels, while liquidity resting above recent local highs was absorbed, a dynamic that often appears during the early stages of stronger directional moves.

Price is currently reacting near the Fibonacci 0.382 level, where selling pressure has begun to increase and early signs of short-term momentum fatigue are visible. This behavior suggests that some participants may be reducing exposure after the recent rally.

The nearest and most important support zone sits just below current levels and aligns with the Fibonacci 0.236 retracement around the 0.25 price mark. Holding this area would indicate that demand remains active and that buyers continue to defend higher prices.

Conversely, a sustained move below this support zone would signal a weakening of demand at current levels. In such a scenario, the probability of a deeper corrective phase would increase, with price potentially rotating toward lower support zones as the market seeks a new equilibrium between buyers and sellers.

FET price target

If FET stabilizes and finds support at the nearest support area, a move back toward the Fibonacci 0.382 level and another attempt to reclaim it could follow. Acceptance above this level could open room for a move toward the next resistance zone above 0.35 USD, which coincides with the Fibonacci 0.5 level.

This region is likely to be critical in determining whether bullish momentum can persist or whether selling pressure begins to dominate again. Should the upward structure remain intact, further upside could extend toward the Fibonacci 0.618 to 0.786 levels to prices as high as 0.40 USD, where heightened volatility and more pronounced market reactions may occur.