FET news live: price rebounds but heavy resistance at $0.3272 challenges further rally

Traders Union
All News
Crypto News
FET gains 8.27% today on legal news

Highlights

Artificial Superintelligence Alliance (FET) rose 8.27% to $0.2777 but remains below key moving averages—MA-20 ($0.3272), MA-50 ($0.502), MA-200 ($0.6514)—signaling continued bearish pressure.
FET proposed a legal truce to Ocean Protocol to reclaim $120 million in FET tokens, potentially affecting supply and sentiment if an agreement succeeds.
Technical indicators are mixed, with daily ADX signaling a strong trend but MACD negative, RSI oversold at 24.92, and likely trading range projected at $0.1944–$0.2236 barring a break above $0.3272.

Legal truce and supply concerns weigh on market sentiment

Artificial Superintelligence Alliance recently proposed a legal truce to Ocean Protocol, seeking the return of $120 million worth of FET tokens to potentially resolve a dispute. This development may impact the token's supply and market sentiment if an agreement is reached. Previous allegations of token dumping have also raised concerns among market participants.

Resistance and mixed momentum limit recovery amid oversold conditions

Technically, FET is constrained by the Ichimoku Kijun at $0.365 and the MA-20, both acting as resistance, while all major moving averages are trending well above the current price and no decisive cross signals are observed. Momentum indicators are mixed: the ADX on the daily chart signals a strong trend, but the MACD remains firmly negative. Oscillators are stretched, with the RSI at 24.92 and the Stoch RSI near 96, pointing to both oversold and overbought extremes; the CCI at –60, negative BBP, and a bearish Awesome Oscillator confirm underlying weakness despite recent price strength.

Downside risk persists as bullish reversal remains unlikely

In the short term, FET is expected to trade within a $0.1944 to $0.2236 range as technicals stabilize. The likelihood of a sustained move higher is low, at under 20%, so a further decline is more probable unless strong support emerges. A bullish scenario would require a break above $0.3272, while a move below $0.1944 could lead to additional downside.

Viktoras Karapetjanc, analyst at Traders Union, sees the Artificial Superintelligence Alliance (FET) at a critical juncture, with news of a legal truce and potential token return to Ocean Protocol adding a notable sentiment element to the current technical setup. While price action is still weighed down below key moving averages and most signals remain weak, he remains constructively optimistic that any resolution to the dispute could improve sentiment and reduce supply risks. In the short term, the bearish bias remains unless $0.3272 is regained, but the expert believes broader market dynamics or positive news flow may shift momentum. "If the legal truce brings clarity and FET holds above support, I see room for a rebound as sentiment recovers," Karapetjanc concludes.

Previously it was noted that Ocean Protocol's abrupt exit from the Artificial Superintelligence Alliance triggered significant tensions and legal action. Technical indicators continued to show negative momentum, with the daily MACD negative and several oscillators in oversold territory.

Source of Data: FET Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.