Yigit Taha OZTURK 
While the crypto market remains relatively quiet, some altcoins are breaking out with strong momentum. One of the standout names recently is FET, which has made a critical technical move, catching the attention of traders once again.
Downtrend Broken, Target Reached
In previous analyses, we mentioned the importance of the $0.57 support level for FET. The token bounced from this level and successfully broke through its descending trend line. This rally has now reached the short-term target of $0.70, indicating strength in price action.
This breakout suggests that bulls have regained control, opening the door for further upside in the short term.
$0.70 Resistance Now in Focus
With the $0.70 level now being tested as resistance, the next technical target could be $0.75 or higher — provided there’s a solid breakout backed by volume. Continued buying pressure could strengthen market confidence and support further gains.
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Still, traders should be cautious of potential rejections at key resistance points, which may lead to temporary corrections.
Support Range Between $0.65 and $0.61
On the downside, the closest support range lies between $0.65 and $0.61. Holding above this range is crucial for sustaining bullish momentum. If FET can consolidate here, it may offer new entry points for investors seeking exposure to this trend.
As always, monitoring price reaction at support and resistance zones is key for informed decision-making.
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