$FET is trying to hold its ground, but the chart is starting to show hesitation after that sharp push toward 0.246.
Momentum built cleanly from the 0.227 zone, with higher lows and steady volume support, but the rejection at the top came fast—and with intent. That long wick near 0.2459 wasn’t just profit-taking, it signaled supply stepping in hard.
Now price is sitting right around the short-term moving averages, and that’s where things get interesting. The 7 MA is curling down slightly while price is hovering near the 25 MA. That usually means momentum is cooling, not gone—but definitely slowing.
The recent drop toward 0.234 and quick bounce tells you buyers are still active, just not aggressive enough yet to reclaim control. Volume on the red candles also spiked, which adds a bit of weight to the pullback.
If FET holds above the 0.234–0.235 zone, this could turn into a consolidation before another attempt higher. But if that level slips, the structure opens up for a deeper retest toward the 0.230 area.
Right now, this isn’t a breakout phase anymore—it’s a decision zone.$FET
