FET Rally Gains Whale Support, But This Key Level Could Reverse the Trend

• FET surged over 15%, supported by bullish funding rates and strong perpetual market positioning.
• Spot buying and exchange outflows signal growing demand, while whale activity reinforces bullish sentiment.
• A key liquidation zone could trigger a reversal if selling pressure suddenly increases.

Fetch.ai — FET, has surged more than 15% during the latest crypto market rebound. The token reached around $0.15 as traders increased buying pressure. Several market signals now point toward stronger bullish momentum. Perpetual traders continue favoring long positions across FET markets. Spot demand has also strengthened as tokens leave centralized exchanges. Whales appear to support the current upward move as well. However, one important price zone could still trigger a short-term reversal.

Perpetual Traders Maintain a Bullish FET Outlook

FET's perpetual market currently shows strong confidence among traders. Most open positions remain long, reflecting expectations for further price gains. The open interest weighted funding rate also supports that view. Funding recently climbed to 0.0210%, reaching the highest level since June 20. The increase shows stronger demand for leveraged long exposure. Capital committed to FET perpetual contracts stood around $83.33 million.

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