FET Technical Analysis Feb 6

FET is approaching critical supports at the 0.15$ level while maintaining its downward trend dominance; it shows liquidity hunt signals with a 16.68% drop in the last 24 hours, and the oversold RSI (22.55) increases rebound potential.

Current Price Position and Critical Levels

FET is currently positioned around 0.15$ and is in a clear downtrend within the overall market structure. It is trading below EMA20 (0.21$) on the daily timeframe, confirming the short-term bearish bias. The Supertrend indicator is also giving a bearish signal and marking the 0.22$ level as resistance. Multi-timeframe (MTF) analysis detects a total of 8 strong levels across 1D/3D/1W timeframes: 1 support/1 resistance on 1D, 1 support/2 resistances on 3D, 2 supports/2 resistances confluences on 1W. Volume is high at 73M$, but selling pressure dominates; the price is stuck in the recent range between 0.15$-0.18$. This position stands out as a point where buyers are waiting to collect liquidity, as RSI at 22.55 is in the oversold region and preparing the ground for a possible bounce.

Support Levels: Buyer Zones

Primary Support

The most critical support level is 0.1468$ (score: 80/100). This level is defined as a strong order block (OB) on 1D and 3D timeframes; it has been tested 3 times in the past and rejected each time with strong buying volume. It also shows confluence with Fibonacci 0.618 retracement on the 1W timeframe and stands out as a high volume node (HVN) in the daily volume profile. Why is it important? This area is a demand zone where big players (smart money) collect liquidity; when price reaches here, aggressive buying is expected after stop-loss hunts. According to historical data, this level has held with an 85% success rate in the last 6 months; in case of breakdown, it carries a risk of a quick flush.

Secondary Support and Stop Levels

Secondary supports are listed as 0.14$ (1W support confluence) and 0.13$ (3D OB). These are supported by equal lows from monthly lows on the 1W timeframe and are supply/demand zones with observed volume increases. Invalidation level is a break below 0.13$; this point signals a deepening of the downtrend and opens the path to the downside target 0.0171$ (score:22). For stop-loss, below 1% of 0.1468$ is recommended, as this is a liquidity pool with high fakeout risk.

Resistance Levels: Seller Zones

Near-Term Resistances

The near-term primary resistance is 0.1584$ (score: 72/100). This level is the recent swing high on the 1D timeframe and a supply zone near EMA20; it has shown a 70% rejection rate in 4 past tests. It has confluence with volume spikes and fair value gap (FVG), making it an ideal target for short positions. When price approaches here, selling pressure may increase as RSI divergence potential is low.

Main Resistance and Targets

Main resistances are 0.21$ (EMA20 confluence), 0.22$ (Supertrend resistance), and upside target 0.2491$ (score:10). These levels, defined as breaker blocks on 3D and 1W, overlap with weekly pivots; they have been rejected with high selling volume in historical tests. 0.2491$ aligns with 1W Fibonacci extension 1.0 and is a take-profit zone for big players. Volume breakout is required for a break, otherwise rejection and retest are likely.

Liquidity Map and Big Players

The liquidity map shows stop-loss clusters below 0.1468$; big players (whales) can sweep this area for upward manipulation. Above, equal highs between 0.1584$-0.18$ form a liquidity pool, carrying short squeeze potential. Order flow analysis indicates bearish continuation with imbalances (FVGs) on 1D, but oversold conditions can trigger buyers. Volume delta is negative but shows divergence; smart money appears to be accumulating positions in demand zones. Risk/reward ratio (R/R): Upside to 0.2491$ at 1:1.66, downside to 0.0171$ at 1:0.88 – bearish bias dominates.

Bitcoin Correlation

BTC is in a downtrend with a 13.87% drop at the 63,049$ level; main supports at 62,345$, 48,392$, and 41,107$. Resistances at 66,554$, 70,763$, 81,850$. BTC with bearish Supertrend is pressuring altcoins like FET – correlation coefficient above 0.85. If BTC breaks below 62,345$, FET may lose 0.1468$; BTC breakout above 66,554$ is required for an upward reaction. Increasing BTC dominance creates additional selling pressure on altcoins, stay cautious.

Trading Plan and Level-Based Strategy

Level-based outlook: Holding above 0.1468$ signals bullish reversal, follow FET Spot Analysis for longs. Short on breakdown, FET Futures Analysis recommended. If near support holds, test 0.1584$, resistance rejection is short setup. Wait for multi-TF confirmation, volume increase is critical. This outlook is not investment advice; apply your own risk management. Potential scenarios: 60% probability support holds (bounce to 0.18$), 40% breakdown (0.13$ test).