The post FET Technical Analysis Feb 24 appeared on BitcoinEthereumNews.com.

FET is maintaining its LH/LL structure in the downtrend; could a BOS above $0.1578 start an uptrend, or would a break below $0.1340 accelerate the decline? Market Structure Overview FET’s current market structure reflects a clear downtrend. The recently formed lower highs (LH) and lower lows (LL) pattern indicates dominant bearish momentum. While the price is consolidating around $0.15, remaining below EMA20 ($0.17) reinforces the short-term bearish structure. The Supertrend indicator points to $0.19 resistance, emphasizing selling pressure. In multi-timeframe (MTF) analysis, a total of 8 strong levels were identified across 1D, 3D, and 1W charts: although balanced (1D: 1S/1R, 3D:1S/1R, 1W:2S/3R), the overall structure leans downward. RSI at 35.31 is approaching the oversold region while the MACD histogram shows positive divergence; this offers short-term relief potential but is insufficient for structural change. The market is testing the $0.1578 swing high but struggling to break it – this is a critical BOS level. Trend Analysis: Uptrend or Downtrend? Uptrend Signals For an uptrend, higher highs (HH) and higher lows (HL) structure is sought; this has not yet formed in FET. The +1.05% rise in the last 24 hours and the $0.15-$0.16 range could form a local HL, but the global structure remains in LH/LL. Positive MACD histogram and low RSI level (35.31) could attract dip buyers. Bullish continuation target is set at $0.2136 (score:30/100); this level becomes accessible with a close above EMA20 and $0.1578 BOS. Educationally: HH/HL is the cornerstone of a bull trend – the trend is confirmed if each new high and low exceeds the previous level. For FET, the first HH could begin with a candle close above $0.1578. Downtrend Risk The downtrend is confirmed with LH/LL: Latest swing high $0.1578 (score:73/100) is lower than previous highs; swing low $0.1340 (score:60/100) signals LL. Supertrend is bearish…

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Filed under: News - @ February 24, 2026 4:26 am