FET Price Jumps 20% After Breaking 6-Month Bearish Streak

TLDR:

• FET price halted its downtrend by breaking the daily sequence of lower highs and reclaiming former resistance as support.
• Weekly charts show a downside deviation, with price quickly rejecting lower levels and returning into a historically reactive range.
• CoinGecko data shows FET trading at $0.2623, up 13.67% daily and 20.67% weekly with strong volume.
• The setup reflects easing selling pressure and defined risk, not a confirmed macro trend reversal.

After months of persistent losses, FET price action has shifted for the first time in the current cycle. The token has stopped printing new lows and begun stabilizing near a historically reactive zone. 

Short-term structure changes have drawn attention from traders tracking market behavior rather than momentum. Fresh data now shows rising activity alongside a sharp price reaction.

FET Price Breaks Bearish Structure on Daily Chart

FET spent several months trending lower with consistent lower highs and lower lows. That pattern defined the broader bearish structure. According to a detailed breakdown shared by EliZ on X, that sequence has now broken.

Price compression replaced the prior steady decline. Volatility narrowed as selling pressure weakened. The market then reacted decisively from a known support zone.

On the daily chart, FET reclaimed an area that previously acted as resistance. That zone now holds as short-term support. This shift marks the tradable change highlighted in the analysis.

The move does not rely on how far price had fallen. Instead, it reflects altered behavior. If FET loses this reclaimed area without reaction, the setup fails by definition.

Data from CoinGecko shows FET trading at $0.2623 at publication time. The token posted a 13.67% gain over 24 hours. Weekly performance stands at a 20.67% increase.

Trading volume reached $134.5 million during the same period. The spike confirms active participation during the rebound phase. Liquidity returned as price responded from support.

Weekly Deviation Signals Short-Term Base Formation

The weekly chart adds further context to the move. FET traded into a zone that triggered reactions in earlier market cycles. Price briefly pushed below that range before snapping back.

That move created a classic deviation. The downside break failed to hold. Price re-entered the prior range quickly.

According to the shared analysis, this behavior does not confirm a trend reversal. It instead signals a lack of follow-through from sellers. Markets often show this pattern during early base-building phases.

The weekly rejection aligned with improving daily structure. Together, they suggest reduced downside control. However, no macro bottom call accompanies the setup.

EliZ emphasized that the opportunity remains asymmetric. Risk stays defined as long as reclaimed levels hold. Failure invalidates the idea without ambiguity.

FET now trades within a zone where buyers and sellers recently contested control. That balance reflects a change from prior one-directional selling. Price behavior, not narrative, defines the shift.

Market participants continue to monitor follow-through. For now, structure dictates positioning. Data confirms activity, while charts outline risk boundaries.

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