FET is trading just below a major technical barrier. At the time referenced in the report, the token changed hands near $0.2493, up 17.13% on the day and 29.73% over the past seven trading sessions. Strength across the AI-token segment has pushed attention back to whether FET can break above descending channel resistance.
Price action tightens below the $0.28-$0.30 zone
ZAYK Charts said FET is approaching an important breakout area. The chart shows price compressing beneath descending channel resistance, a structure that has remained intact through several quarterly trading cycles. Since late 2024, that descending trendline has capped every major rally, with sellers repeatedly defending the upper boundary during prior recovery attempts.
Recent rebounds have looked different. Earlier moves faded quickly after reaching overhead resistance, but the latest advance has shown firmer continuation and less severe rejection. The resistance band now in focus sits around $0.28 to $0.30, leaving FET directly beneath what the report describes as a structurally important breakout threshold.
Recovery from the 2026 drop changed the chart structure
During the correction in early 2026, FET fell toward the $0.14 area. Buyers defended lower channel support during that phase, and the rebound from there produced the first meaningful higher-low sequence in several months. For chart-focused traders, that matters. A sharp daily move can be reversed quickly, while a higher-low pattern points to stronger support underneath price.
The breakout is still unconfirmed. The article notes that mature channel formations often see volatility compress before expanding, and a wick above resistance on its own would not be enough. Traders are watching for daily closes above the descending trendline instead of a brief intraday push.
Derivatives conditions have eased after heavy bearish pressure
Another shift has come from the derivatives market. In the earlier AI-token rally, positioning across the sector was heavily leveraged on the long side. During the November 2024 expansion cycle, funding stayed strongly positive, pointing to crowded long exposure in perpetual futures. At that stage, FET was trading near $1.63 as speculative demand around artificial intelligence themes accelerated.
That setup later reversed. From late 2025 into early 2026, negative funding became more common, reflecting defensive hedging and persistent short pressure. The report also points to a major liquidation event near late March, after extremely negative readings emerged. Since that episode, leverage conditions have gradually stabilized and downside momentum has weakened.
Measured move on the chart points to $0.54
The chart’s measured-move projection points to roughly $0.54. According to the report, that would represent nearly 95% upside from the current breakout area. The target also lines up with a previous consolidation zone formed during the earlier decline, making it a level traders are likely to monitor if resistance gives way.
For now, market participants are centered on confirmation rather than a brief spike. The report says spot participation and a clear daily close above descending resistance will be the main signals in determining whether FET completes a broader breakout phase.