TLDR:
- FET trades between $0.7187 and $0.9256, forming a tight consolidation zone.
- Analysts say a break above $1.00 could open the path toward a $1.50 rally.
- Higher lows since April suggest increasing bullish strength in FET’s chart.
- Support between $0.70 and $0.72 has consistently held since May, boosting confidence.
FET is nearing a critical point, with price action tightening between key support and resistance levels. Traders and analysts are watching closely as momentum builds.
The current range-bound movement signals a potential for volatility ahead. Market participants are urged to wait for confirmation before committing to a direction. As price holds in this zone, a breakout or breakdown could shape the next major move.
FET Price Consolidates Within Key Technical Range
Analyst Sjuul from AltCryptoGems noted in a recent update that FET is trading between two important horizontal levels.
The upper band acts as resistance, while the lower band acts as support. According to his chart analysis, a flip above the resistance line could signal a bullish breakout, while a breakdown below support may suggest bearish continuation.
Key levels to pay attention to for $FET:
Decision time on these two key horizontal lines.
Flip resistance = Bullish
Lose support = BearishJust wait as long as we’re in the middle! pic.twitter.com/jeB6ERocSS
— Sjuul | AltCryptoGems (@AltCryptoGems) June 3, 2025
He stressed that the market is in “decision mode,” advising patience as long as the price remains within this mid-zone. This neutral territory leaves room for either a strong upward move or a potential retracement.
Recent market data from CoinGecko shows FET trading at $0.8215, reflecting a 3.72% gain in the last 24 hours.
Despite a 6.62% decline over the week, the price has hovered between $0.7187 and $0.9256. Short-term levels indicate immediate support near $0.7866 and resistance around $0.8412.
Crypto analyst CryptoFOXXY added that FET remains one of the few top 100 tokens in the green. He identified $0.70 to $0.72 as a strong support zone, highlighting its consistent bounce behavior since May. This area has acted as a floor, keeping the bullish outlook intact as long as the price stays above it.
FET Higher Lows Hint at Bullish Structure
CryptoFOXXY also emphasized that higher lows have been forming since April, which could indicate growing bullish pressure. He noted $0.55 as historical support and $0.90 to $0.95 as key resistance, pointing to previous rejections around those levels.
According to his analysis, a confirmed break above $1.00 would strengthen the bullish case and potentially open a path toward $1.50. However, the current trading range keeps the market in anticipation, with traders watching for a breakout trigger.
$FET: one of the few top 100 cryptos in the GREEN
24hr change +5.43%
Support:
– $0.70–$0.72 — Recent bounce area in May, respected this zone multiple times.
– $0.55 — The April low and strong historical support.
Resistance:
– $0.90–$0.95 — Rejected here in late May.
-… pic.twitter.com/SL3A9Difgm— cryptoFOXXY (@cryptoF0XXY) June 3, 2025
With the FET price stuck between clearly defined boundaries, analysts urge traders to avoid premature entries. Sjuul’s assessment echoed this sentiment, suggesting that the safest approach is to wait for a decisive move.
Until price breaks out or breaks down, the FET market remains in a holding pattern. Traders and investors will likely act swiftly once the price confirms a clear direction.
The post FET Price Analysis: These Critical Levels Hold Key to Next Major Move appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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