FET Technical Analysis Feb 3

FET continues its downtrend as it approaches the critical support zone at 0.18$; the main buyer zone at 0.1694$ could be tested, but recovery may remain limited unless the 0.1851$ resistance is surpassed.

Current Price Position and Critical Levels

FET is currently trading around 0.18$ with a downward trend dominating the overall market structure. The 24-hour change is -2.63% negative, and the price is stuck in the 0.18$-0.19$ range. RSI at 29.95 is near the oversold region, which could signal a short-term reaction buy, but the bearish short-term structure remains intact as it stays below EMA20 (0.22$). The Supertrend indicator is giving a bearish signal, with resistance set at 0.24$. Multi-timeframe (MTF) analysis has identified a total of 8 strong levels on the 1D, 3D, and 1W charts: 1 support/1 resistance on 1D, 1 support/2 resistances on 3D, and 1 support/2 resistance confluences on 1W. These levels are reinforced by order blocks, liquidity pools, and historical tests, with the current price position indicating weak buyer momentum.

Support Levels: Buyer Zones

Primary Support

The primary support level stands out at 0.1694$ (score: 80/100). This level has formed as a strong demand zone and order block on the 1D chart; after the bottom tests in October 2025, the price rallied 25% from here. It is also supported by weekly low confluence on the 3D timeframe, with high-volume buy traces present (POC point in volume profile). Historically tested 3 times and showing rejection (red candle wicks) each time, it is defended by major players as a liquidity collection area. As price approaches here, RSI divergence potential increases; invalidation below 0.1650$ opens a downside target of 0.0903$.

Secondary Support and Stop Levels

Secondary supports are clustered in the 0.1750$-0.1694$ range; this area aligns with swing low on the 1W chart and Fibonacci 0.618 retracement. Volume increase has been observed here, with short squeeze liquidity accumulated. A close below 0.1694$ (e.g., 0.1680$) does not invalidate the trend change, but below 0.1650$ signals bearish continuation. Deeper support around 0.1500$, though reaching it with current momentum is low probability (R/R ratio 1:3).

Resistance Levels: Seller Zones

Near-Term Resistances

Near-term resistance at 0.1851$ (score: 64/100); just above current price and a supply zone/order block on the 1D chart. Rejected from here in the last 24 hours (doji + red candle), it is the first test point before approaching EMA20 (0.22$). Resistance confluence also exists on 3D, with high-volume sells (volume spike) seen in historical tests. Bullish volume is required for breakout; otherwise, fakeout risk is high.

Main Resistance and Targets

Main resistances at 0.24$ (Supertrend level) and 0.2805$ (upside target, score: 30). 0.24$ is a strong supply block on the 1W timeframe; it saw reversal during the November 2025 rally, aligning with Fibonacci extension 1.0. 0.2805$ is a 3D high and liquidity target, a take-profit area for major players. These levels are strengthened by MTF confluence (EMA50/100 crossover); a weekly close above 0.1851$ is needed for breakout. Invalidation: Failure to hold above 0.24$ reinforces the current downtrend.

Liquidity Map and Major Players

According to the liquidity map, stop-loss accumulation below 0.1694$ (long stop hunt) could attract major players, with reversal expected after downside liquidity grab. Above, short stops in the 0.1851$-0.19$ range and equal highs liquidity pool above 0.24$. Major players (whales) are likely accumulating long positions in the 0.1694$ demand zone; despite negative volume delta, OBV divergence gives a positive signal. With BTC dominance rising and altcoin liquidity low, manipulation risk is high for FET – fair value gaps around 0.1750$ and 0.2000$ await closure.

Bitcoin Correlation

BTC is in a downtrend at 78,040$ (-0.30% 24h), with main supports at 77,581$, 74,604$, and 63,235$. Resistances at 79,364$, 81,469$, 83,548$. BTC’s bearish Supertrend signals caution for altcoins; FET has 0.85% correlation with BTC – if BTC drops below 77,581$, FET’s test of 0.1694$ accelerates. BTC breakout above 79,364$ opens upside potential to 0.1851$ for FET, and dominance decline could signal altseason. Monitor BTC levels for FET Spot Analysis and FET Futures Analysis.

Trading Plan and Level-Based Strategy

Level-based outlook: Holding above 0.1694$ signals bullish reversal (targets 0.1851$-0.24$), break below is bearish (targets 0.1500$-0.0903$). Near-term range trade between 0.1750$-0.1851$, wait for volume + MTF close for breakout confirmation. Risk management: Stop below 0.1680$, R/R 1:2+. This analysis is not investment advice; markets are volatile – do your own research.

This analysis utilizes the market views and methodology of Chief Analyst Devrim Cacal.

Market Analyst: Sarah Chen

Technical analysis and risk management specialist

This analysis is not investment advice. Do your own research.

Source: https://en.coinotag.com/analysis/fet-technical-analysis-february-3-2026-support-and-resistance-levels