- FET breakout confirms bullish reversal as it surges past long-term descending channel
- Volume spikes and higher highs suggest strong momentum despite near-overbought RSI
- June 2025 forecast warns of possible 22% drop, highlighting looming market volatility
Artificial Superintelligence Alliance (FET) has gained significant attention following a breakout from its long-standing downtrend. Investors have responded positively to strong technical signals, pushing the price upward by over 20% in recent days.
As of press time priced at $0.9734, FET continues to show signs of bullish momentum, with analysts predicting further gains if key resistance levels are cleared.
Breakout Validated as FET Surges Past Key Resistance
According to World Of Charts, FET/USDT recently broke free from a descending channel, sparking a bullish rally that saw a 34% price surge. Before this major move, the asset had already climbed by roughly 18.76%, signaling strong accumulation and trader confidence.
This decisive breakout was followed by a healthy pullback, which many analysts view as necessary to sustain long-term growth. Support around $0.77 where the breakout occurred remains crucial. Additionally, maintaining the $0.85–$0.87 zone would reinforce bullish continuation.
$Fet #Fet So Far So Good, Went 20%+ After Breakout https://t.co/2y79kFdE1s pic.twitter.com/Q8Vy9p6L0P
— World Of Charts (@WorldOfCharts1) May 23, 2025
Meanwhile, resistance is forming near the recent peak of $1.03. If bulls can push through this level, the door opens for a potential climb toward $1.10. This setup aligns with broader market optimism, particularly among traders who closely monitor breakout formations.
Momentum Builds with Higher Highs and Strong Volume
Dami-Defi offers a complementary perspective. He notes that FET has firmly reversed its multi-month downtrend, establishing a pattern of higher highs and higher lows. According to him, a daily close above $0.95 would confirm the breakout and pave the way toward $1.60.
Volume has also increased notably, supporting the sustainability of this uptrend. After bouncing from $0.65, the price now tests major resistance. A break above $1.10 could drive significant upside.
Technical indicators echo this sentiment. The MACD line remains above the signal line, confirming continued bullish momentum. However, recent histogram bars suggest slight hesitation, which could lead to temporary consolidation. The RSI currently stands at 68.72, signaling near-overbought conditions and hinting at possible short-term resistance.
Contrasting Views Suggest Volatility Ahead
Despite optimistic technicals, Coincodex offers a more cautious forecast for June 2025. They project a price range of $0.569 to $0.759, with an average near $0.664. This represents a potential 22% drop from current levels, suggesting bearish sentiment may return.
