FET Price Defends Descending Channel Support, Is a Rally to $1.80–$2.20 Next?

As of 3 February 2026, the Artificial Superintelligence Alliance (FET) is moving in a range-bound condition due to high volatility in the crypto market. Its price over the last 24 hours has shown stability, while over the last week it has declined by 16.8%, according to CoinMarketCap.

At the time of writing, FET is trading at $0.1829, supported by a trading volume of $48.42 million, marking a dip of 39.02% over the last 24 hours. Moreover, its market capitalization is standing at $418.37 million, placing the token in a cautious state.

Also Read: FET Holds Key $0.19 Support as Macro Accumulation Signals Emerge

Technical Levels Define Short-Term Moves

FET remains inside a descending channel on the 3-day chart, confirming a macro bearish structure with lower highs and lower lows. Price currently trades below the 50-day moving average, which is sloping downward and acting as dynamic resistance.

Crypto analyst Jonathan Carter points out that this range, $0.17 – $0.19, is located exactly on the lower edge of the channel. If this level holds, then FET will likely rise to $0.30 – $0.35, with the next possible ceiling being $0.55 – $0.65.

If FET manages to break out from the descending channel and the 50 MA, then it will likely enter a new trend, reaching $1.80 – $2.20. The opposite will occur if FET goes below $0.16.

Indicators Show Weakening Bearish Momentum

On the weekly chart, the Relative Strength Index (RSI) is hovering around the 33-35 mark, which is just above the oversold region. This shows that the selling pressure is reduced, while the buying pressure has still not taken over. According to the TradingView chart, if the RSI is still below the 40 mark, the bearish view is still prevailing.

The MACD is still below zero, indicating the continuation of bearish momentum. However, the histogram is showing something more promising for the future, and the lines are also flattening out, indicating a slowdown in the falling trend. It is likely that the market will consolidate or slightly move up in the short term, but the reversal is not yet there.

Why This Matters

Any price below $0.17 would create conditions for further potential losses, as this would be a sign of bearish momentum remaining in play.

A strong support level for $0.17 to $0.19 would create conditions for a potential short-term rally towards $0.30 to $0.35.

Also Read: FET Weekly Chart Shows Rebound from Key Channel, Eyes $0.52