After surging more than 50% in late May and early June, the Artificial Superintelligence Alliance token FET encountered resistance and fell back near $0.30. Foreign media reports indicate that this level is both a psychological psychological barrier and a previous supply zone, with selling pressure regaining control, causing FET to drop nearly 18% in 24 hours.
After rising, it encountered resistance at $0.30.
The article mentions that FET rose from $0.1914 on May 23 to $0.2889 on June 1, a cumulative increase of nearly 51% in a short period. However, the price failed to reach $0.30 and subsequently fell back quickly, indicating that selling pressure in this area remains significant.
From a longer-term perspective, foreign media believe that the overall downward structure of FET has not been broken. The previous drop in early 2026 pushed the price down to $0.134, and the subsequent rebound was more like a correction than a trend reversal.
Support levels were found between $0.195 and $0.20.
The price has now returned to the $0.195 to $0.20 range. The article states that this area has provided support multiple times since April, so whether it breaks down in the short term will be a key focus for the market.
- Low on May 23: $0.1914
- June 1 high: $0.2889
- Current support levels to watch: $0.195 to $0.20
The article also mentions that the internal structure on the 4-hour chart has weakened. After FET broke below the previous high of $0.2166, the short-term trend became further bearish. Coupled with the decline in trading volume and momentum indicators, market sentiment has clearly cooled.
In the short term, it may first return to above $0.25.
Despite significant short-term pressure, the article suggests that the market may experience a technical rebound after the continuous decline. If selling pressure eases temporarily, FET prices may return to the $0.25 to $0.26 range.
However, foreign media outlets did not define this as a trend reversal signal, but rather as a correction within a downtrend. The article also mentioned that if Bitcoin continues to weaken, the altcoin market may face renewed pressure, and FET will also find it difficult to strengthen independently.
