FET’s price ROSE by 25% this week, indicating a strong recovery. However, bearish signals, specifically the Price DAA Divergence, pose potential threats to this uptrend. With network activity declining despite increasing prices, there is a risk that investor confidence may falter, potentially affecting FET’s price negatively.

FET must stay above 1.19 USD to avoid confirming a bearish head-and-shoulders pattern. Holding support above 1.40 USD is essential for it to pursue targets of 1.71 USD and 2.00 USD. Without adequate momentum indicated by the Average Directional Index, reaching these resistances might prove challenging.