The FET cryptocurrency has witnessed a remarkable surge of 50% following a sharp market downturn, exceeding the $0.34 price point and sparking significant interest from traders. This rally is fueled by strong accumulation signals from market makers and investors alike. We delve into the key price levels to watch and explore why the $0.34 mark holds crucial importance for future FET growth. 1 million FET tokens have already traded across centralized exchanges in just 72 hours, indicating a strong indication of potential upward momentum. A clean breakout above this descending resistance line suggests bullishness, particularly with the impressive response from market lows. If price remains above $0.48-$0.50 range, we could potentially witness a revisit of the $0.85 level, ultimately leading to a move towards $1. 0n April 13th, 2025, Dami-Defi tweeted that the breakout and surge in FET suggests potential for further gains. We explain why the $0.34 price point is garnering attention from market makers as a potential support zone. This is a clear sign of buying demand, indicating a potential opportunity for accumulation. If this buying pressure persists, it might trigger a move past previous resistance levels, potentially reaching the $1 mark. FET’s undervaluation and recent market correction present an opportunity for smart money to buy at a discount. The MVRV Z-score reveals that FET is trading near a two-year low of -1.50, indicating potential for overestimation in price. As such, the current undervaluation presents a compelling case for further growth. The $1.12 level serves as another key indicator to watch, and this area previously presented resistance. After retracing 70% from its January highs following the market correction, FET now trades at approximately $0.50, representing a sign of continued capitulation in the market. Institutional capital remains largely uninvested in the current dip. The NUPL (Net Unrealized Profit/Loss) remains in the red, suggesting that many traders remain in a loss position and profit-taking continues to dominate trading activity. This high sell-side liquidity results in continued downward pressure on the price of FET.