Trendline Rejection Deepens While AI Narrative Fails To Lift Price
The post Trendline Rejection Deepens While AI Narrative Fails To Lift Price appeared on BitcoinEthereumNews.com.
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. 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. 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 has been rejected, underscoring consistent sell pressure from traders who accumulated higher. The 20 day EMA at $0.282 and the 50 day EMA at $0.325 continue to slope lower. This EMA alignment is characteristic of markets where any upward momentum is quickly absorbed by overhead supply. Above these moving averages sits the 100 day EMA at $0.414 and the 200 day EMA at $0.545. The gap between price and these long term averages reflects the extensive overhead work buyers must overcome before achieving a structural reversal. Parabolic SAR reinforces this bias. SAR dots remain above price on the daily timeframe and have not flipped bullish since early October. As long as SAR stays overhead, any recovery attempts are likely to face resistance before trend reversal conditions emerge. The broader structure includes a major demand zone between $0.10 and $0.20, marked by repeated accumulation earlier this year. FET has not revisited that region since its sharp recovery in mid November, but it remains the…
