FET price today trades near $0.269 after failing to break above the short-term descending trendline that has capped each rebound in November. The token remains stuck below the 20-day EMA at $0.282 and the 50-day EMA at $0.325, keeping buyers pinned under a heavy technical ceiling.
- •FET fails to break $0.274 as the descending trendline and sloping EMAs keep sellers firmly in control.
- •Triangle compression tightens between $0.267 and $0.274 as intraday momentum weakens.
- •Strong AI narrative from ASI One fails to move price as spot demand stays muted.
Trendline Pressure and Sloping EMAs Maintain a Downward Bias
The daily chart shows FET moving within a clear descending structure. Price sits beneath a short-term trendline that runs from early October toward the current level near $0.27. Each attempt to break above this line…