FET Jumps 40% in a Week, Holding Macro Uptrend Since 2020
- —FET trades near $0.20, up over 40% in 7 days and nearly 30% in 30 days
- —Macro uptrend from 2020 remains intact, long-term ascending support holds
- —Key resistance at $0.26-$0.32 and $0.43-$0.50; a weekly close above $0.50 is the trigger
- —All-time high of $3.4 would require a more than 10x move to reclaim
Why it matters: A weekly close above $0.43-$0.50 would confirm trend strength and open the path to $0.70-$0.90, while losing support would invalidate the recovery case.
Source: The Cryptonomist