$FET is trading near the same area where previous major expansions began.
The chart highlights three historical resistance levels:
$0.98 - previous local distribution zone
$2.19 - major rejection level from late 2024
$3.48 - cycle peak resistance
Current price sits around $0.17.
That means even a move back to the first major resistance would represent a multiple from current levels.
What’s interesting is that every major rally in
$FET started after long periods of boredom and compression.
Price would spend months moving sideways, liquidity would dry up, sentiment would disappear…
Then the expansion phase would begin
Right now the market is treating FET like a dead coin
That’s usually when the best opportunities appear.
A return to:
$0.98 = ~5.5x
$2.19 = ~12x
$3.48 = ~19x
None of these targets require new all-time highs
They’re simply previous levels where the market already accepted higher valuations
AI was one of the strongest narratives last cycle
If capital rotates back into the sector, FET remains one of the clearest asymmetrical bets on the board.
The chart looks ugly
That’s exactly why it’s interesting
