FET Price Snaps out of Downtrend but Early Signs of Exhaustion Appear

Key Takeaways

• Artificial Superintelligence Alliance (FET) trades inside resistance.
• The FET price has completed a lengthy A-B-C corrective structure.
• Can FET sustain its increase and close above the $0.85 resistance?

The FET price surged by over 6,500% in 2023 and 2024, culminating with an all-time high of $3.48 in March.

While the trend has been bearish since then, leading to a 90% decline and a breakdown below $0.85, FET has shown signs of life since April 2025.

After a 150% increase, all eyes are on the short-term movement to see if FET can break out above $0.85. Let’s examine the charts and see if that is likely.

FET Price Returns to $0.80

The FET price broke down from the $0.85 horizontal support area at the start of the year, declining to a low of $0.34.

While the breakdown was a sign that the long-term trend is bearish, FET regained its footing and has surged by an impressive 150%, returning to the $0.85 area.

The wave count shows a completed A-B-C correction (red), with waves A and C nearly the same length.

This structure bodes well for the future, since it indicates the correction is over and new highs are likely.

Technical indicators are at critical levels. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are at 50 and 0, respectively.

So, a FET price breakout above $0.85 will cause these indicators to cross into positive territory.

Local Top Soon?

While the weekly time frame analysis is bullish, the short-term FET chart suggests the price is due for a correction.

There are two reasons for the bearish short-term outlook.

Firstly, the daily RSI and MACD have generated bearish divergences (orange), a sign associated with local tops.

FET has completed a five-wave upward movement since April (green).

Hence, a correction is likely before the FET price eventually breaks above $0.85.

If one happens, the closest support levels will be between $0.63 and $0.69, created by a horizontal and Fibonacci area.

Correction Before Rally

The long-term FET price analysis is bullish, suggesting the price has completed its correction.

However, the short-term chart predicts a local top near the $0.85 area.

As a result, the FET price may initially decline before regaining its footing and moving to new highs.