Should You Throw $2,000 Into Artificial Superintelligence Alliance Right Now? FET Price Outlook

The price of FET, traded on Binance, has spent the past few months forming lower highs and lower lows, indicating a downtrend. Since December 2024, the token has been struggling to break free from a descending trendline that provides immediate resistance.

However, in mid-April, FET broke out of this trendline with a strong bullish candle, shifting the market structure. After the breakout, the token began forming higher highs and higher lows for the first time in months.

As of press time, FET is trading at around $0.73, bouncing from earlier 2025 lows and approaching key resistance levels that could decide the next major move.

Artificial Superintelligence Alliance (FET) Chart: Key Levels to Watch

As the breakout zone was hit with strong momentum, the price quickly moved toward the $0.74 resistance area. A confirmed close above $0.74-$0.75 is needed to open the door to higher targets near $0.90 and $1.00.

The $0.68-$0.70 range has emerged as short-term support following the breakout. This area was previously a resistance zone but flipped into support after the breakout in April.

Moreover, the $0.55-$0.58 zone provides stronger support, aligning with the earlier breakout retest level.

Major support is also seen between $0.33 and $0.37, where FET previously formed a solid bottom before launching the current rally. Maintaining these support zones is crucial for preserving the bullish setup.

Key Resistance Levels:

Immediately, resistance is seen at the 38.2 percent Fibonacci retracement level of the 2023 low to 2024 high at around $0.78.

Next, traders are eyeing the 50 percent Fibonacci retracement level at $0.88.

The 200-day SMA, currently at around $1.06, provides strong long-term resistance.

Key Support Levels:

Short-term support is at the 0.236 percent Fibonacci retracement level at around $0.68.

The 100-percent Fibonacci extension from the breakout point to the breakout retest is seen at $0.55, providing support during the retest.

Stronger support is at the 38.2 percent Fibonacci retracement level, which coincides with the 2024 low, around the $0.33-$0.37 zone.

Positive Market Structure Shift But Some Caution Remains

The structure has shifted positively with the breakout and the formation of higher highs and higher lows. However, traders remain cautious about the possibility of a minor pullback.

A minor cooling-off phase toward $0.68-$0.70 is considered healthy for sustaining bullish momentum.

If the buyers can maintain the price above the breakout zone and the 0.236 percent Fibonacci retracement level, it suggests that the sellers are losing strength.

If the sellers manage to break the price back below the breakout zone and the 100 percent Fibonacci extension, it may indicate that the buyers are becoming exhausted.

If the price breaks above the 200-day SMA and sustains above it, it would be a strong indication of a macro bullish trend.