FET Technical Analysis Feb 1

FET is trading in a strong downtrend at $0.19; although RSI at 29.75 in the oversold region carries potential for a reaction buy, MACD is negative and bearish structure dominates below EMA20. Critical supports at $0.1694 and $0.1848 will be tested, Bitcoin’s decline creates additional pressure for altcoins.

Executive Summary

The FET token is trading at $0.19 as of February 1, 2026, with a 1.89% daily loss, and the overall technical picture indicates a clear downtrend. Although the RSI’s low level of 29.75 suggests a short-term bounce possibility, Supertrend is bearish, MACD shows a negative histogram, and the price is stuck below EMA20 ($0.23). Support zones at $0.1694 (strength score 77/100) and $0.1848 (62/100) are critically important, while resistances at $0.1921 and $0.2046 expect strong selling pressure. Volume is at a medium level of $70.17M, but BTC’s downtrend increases risks due to altcoin correlation. Strategic outlook: Cautious in the short term, support breakdown could lead to bearish targets ($0.0490); risk/reward ratio is weak for bull scenarios (score 10/100).

Market Structure and Trend Status

Current Trend Analysis

FET’s current trend direction can be defined as a clear downtrend. Daily and weekly charts show disrupted higher high/lower low structure, price action has consolidated in the $0.17-$0.19 range over the last 24 hours but overall momentum is downward. The Supertrend indicator gives a bearish signal and positions $0.24 as resistance. The price remaining below EMA20 ($0.23) reinforces the short-term bearish bias; multi-timeframe analysis on 1D/3D/1W has identified 10 strong levels: 2 supports/2 resistances on 1D, 0 supports/2 resistances on 3D, 1 support/3 resistances on 1W distribution confirming the structural strength of the downtrend.

Structural Levels

Structural levels have been calculated based on Fibonacci retracements, pivot points, and volume profile. The lower band of the main downtrend channel is at $0.1694 (high-volume support, score 77/100), intermediate level at $0.1848 (score 62/100). Upper band resistances are set at $0.1921 (score 69/100) and $0.2046 (67/100). These levels align with past swing lows/highs and will serve as pivots for breakout scenarios. On the weekly frame, the $0.2937 bull target is distant (low probability score 10), while the bearish extension to $0.0490 is more realistic (score 22).

Technical Indicators Report

Momentum Indicators

RSI(14) at 29.75 in the oversold region (below 30), carrying potential for short-term bullish divergence reaction buying but high fakeout risk due to downtrend. MACD line below signal line, histogram negative and expanding; momentum weakness signals bearish continuation. Stochastic %K around 15 oversold, %D crossover expected but overall confluence bearish. Williams %R at -85, confirming oversold but trend filtering required.

Trend Indicators

EMA crossovers bearish: Price below EMA20 ($0.23), EMA50 ($0.25), and EMA200 ($0.28). EMA20>EMA50 death cross completed, EMA20 breakout ($0.23+) necessary for uptrend reversal. Supertrend ATR-based bearish flip given, $0.24 resistance reference for trailing stop. In Ichimoku Cloud, price below cloud, Tenkan < Kijun bearish; Chikou Span blocked by resistance. All trend indicators converge in downtrend confluence.

Critical Support and Resistance Analysis

Upon detailed examination of support zones: $0.1694 is the strongest (77/100, volume cluster + Fib 0.618), breakdown accelerates to $0.15. $0.1848 intermediate support (62/100, pivot S1), bounce probability 40%. Resistances: $0.1921 (69/100, short-term R1 + EMA10), $0.2046 (67/100, channel upper). Multi-TF confluence with 10 levels: Supports weighted on 1D/1W, resistances dominant on 3D/1W. Breakout strategy: Sell below $0.1694, long scalping test above $0.1921. Stop-loss levels integrated for risk management.

Volume and Market Participation

24h volume $70.17M, 20% lower than previous days – weak participation supports downtrend, absence of buyers bearish. Volume Weighted Average Price (VWAP) at $0.185, price above VWAP short squeeze potential but overall OBV declining (accumulation distribution negative). POC (Point of Control) at $0.1848, volume profile support confirmation. Delta analysis shows sales dominance; spike volume at $0.17 shows increased buyer orders but not sustainable. Trend change remains weak without volume increase.

Risk Assessment

Risk/reward framework: Bull target to $0.2937 (R:R 1:2.5, score 10/100 low probability), bear to $0.0490 at 1:3+ (high probability 22/100). Main risks: BTC downtrend breakdown ($77,714 support), macro liquidity tightening, lack of FET-specific news. Volatility ATR 8%, position sizing 1-2% risk. Breakout scenarios: If support holds, 0.1921 retest; if breaks, cascade sell-off. Portfolio fit: Short bias 65%, long 20%, cash 15% recommendation. Stop-hunt risk high, use 1% buffer from levels.

Bitcoin Correlation

FET shows high correlation with BTC (0.85+); BTC at $77,614 with -4.52% decline in downtrend, Supertrend bearish. BTC supports at $77,714, $75,720, $64,655 critical – breakdown pushes FET below $0.15 in altcoins. Resistances at $78,655, $80,626 if rejected delays overall alt season. BTC dominance increase amplifies FET pressure; BTC stabilization ($78K+) opens door to $0.1921 test in FET. Watch: BTC below $75K triggers full bearish scenario for FET short.

Conclusion and Strategic Outlook

The overall technical picture shows bearish dominance for FET: Downtrend structure, indicator confluence, and BTC negativity make the $0.19 level sensitive. Although oversold RSI offers bounce opportunity, volume confirmation and $0.1921 breakout required. Strategy: Wait for $0.1694 support test – if holds, scalping long; if breaks, aggressive short to $0.0490 target. Risk management priority, refer to detailed data in FET Spot Analysis and FET Futures Analysis. Long-term investors consider accumulation below $0.17, traders should turn volatility to advantage. Full picture: Cautious stance, bearish bias dominant.