FET Price Skyrockets by 50% in Just Days ! What’s Behind the Rally ?

Crypto token FET has surged 53% in the last 11 days, outperforming Bitcoin's 10% growth. Investors eagerly anticipate if FET can maintain its momentum towards the $0.75 target.

Written by Charles Ledoux

Translated on April 21, 2025 at 12:19 by Sarah

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FET Shows Signs of Uptrend After Surpassing $0.566

For the past few days, FET has regained a bullish market structure. However, it has been engaged in a long-term bearish trend, so investors may want to wait a bit before buying.

Traders may consider long positions as the price is above the $0.566 level, which marked the most recent high. Indeed, FET broke its downtrend line and bounced back after a retest on April 18.

FET liquidations chart — source: coinglass

To the upside, the next significant high was at $0.75, making it the next price target. Above that, there were several key horizontal resistance levels at $0.83 and $1.10.

Highlighted in red, the $1.10 and $1.25 levels were particularly important in 2024.

A Bullish Trend Seems to be Emerging

The DMI indicator showed that the bearish trend has been replaced by a bullish trend. The ADX (yellow) and +DI (green) were both above 20, indicating a strong bullish trend in progress.

The CMF was at +0.04. A move beyond +0.05 would signal significant capital inflows and increased buying pressure. Additionally, this CMF is at weekly lows. The last time it was at these levels was in August last year, before its 220% rebound.

The MACD was about to make a bullish signal line crossover, which would be another sign of buyer dominance. Overall, it appears likely that the Artificial Superintelligence Alliance token will continue to rise.

FET long/short ratio — Source: coinglass

In conclusion, despite a recent bearish phase, technical indicators suggest that FET has a good chance to continue its upward momentum. The balance between long and short positions also indicates that the market is ready for a bullish trend.

If buyers could maintain the pressure, FET could reach its target of $0.75 in the coming weeks. For those looking to take advantage of this new momentum, here is a practical guide to buying FET on Weex:

Create a Weex Account
Visit the official Weex website and sign up with your email or phone number.
Verify Your Identity (KYC)
Complete the KYC verification by submitting an identity document. This quick step is necessary to unlock all trading features.
Deposit Funds
In the “Deposit” section, fund your wallet with crypto (USDT, BTC, etc.) or through fiat (credit card, bank transfer, Alipay, depending on availability).
Access the Market
Go to “Trading Spot,” type “FET” in the search bar, and select the FET/USDT pair to open the exchange interface.
Make the Purchase
Choose a market order for an instant purchase or a limit order to set a specific price. Enter the desired quantity of FET and confirm.

Buy FET on Weex and earn 50 USDT with a few clicks !

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Charles Ledoux

Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.

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DISCLAIMER

This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.

InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.