FET token breaks 11-month downtrend eyes 30% rally

The FET token has broken an 11-month downtrend and is now testing a major resistance level, sparking optimism among analysts for a potential 20% to 30% rally. After a prolonged decline from above $3.40 early this year, FET bottomed near $0.20 in mid-2026 and has since traded within a tighter range between $0.20 and $0.30. The token recently traded near $0.2486, showing signs of recovery with an improving momentum as indicated by an RSI of 58.01.

Analysts are watching for a stronger confirmation before predicting the next upside leg. Immediate resistance is concentrated between $0.30 and $0.40, with a clean break above this range potentially placing $0.50 into focus. The current structure suggests a possible start of a larger move, supported by an improving higher-timeframe structure. However, a retest of former resistance could determine whether the move develops into a sustained trend.

Support remains critical near $0.20, which has acted as the base for recent stabilization. A break below this support would weaken the current setup, while holding above it would keep the broader recovery structure intact. Traders are assessing the $0.467 resistance zone, with the overall outlook hinging on maintaining support levels and confirming the breakout.