Our analysis shows that FET has touched the descending trendline resistance on the 4-hour chart. The price reaction from this level will likely determine its next direction.

Breakout Could Target $0.75 and Above

If this descending trend is broken with strong volume, the price could gain upward momentum toward the $0.75 zone and potentially beyond. A successful breakout would indicate a shift in short-term market sentiment toward the bulls.

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In such a case, buyers might regain control, pushing FET back toward previously tested resistance levels.

Rejection Brings Focus to $0.65–$0.61 Support Zone

However, if FET gets rejected at this level, a retracement toward the $0.65–$0.61 range could follow. This area serves as both psychological and technical support and is critical for maintaining the current structure.

The next few candles and trading volume will likely reveal whether this trendline marks a reversal or continuation point.

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The post FET Faces Key Resistance: Will It Break or Retrace? appeared first on Coin Engineer.