๐ $FET to $1: The Short Version ๐
The case for $1.00 isn't just hypeโitโs a technical "mean reversion" play. Here is the simplified breakdown as of January 4, 2026:
๐ The Technical Setup
* Current Price: ~$0.24 โ $0.26 (Bounced +14% this week).
* The Pattern: A massive Weekly Falling Wedge. This is a classic "bullish reversal" signal showing sellers are finally exhausted.
* The Magnet: The Weekly MA100 sits near $0.95โ$1.05. In crypto, prices often snap back to these long-term averages like a rubber band.
๐ Why $1 is Realistic
* Market Structure: Breaking the wedge's upper resistance (around $0.32) could trigger a rapid move to $0.60, then the $1.00 psychological milestone.
* AI Narrative: With the ASI Chain TestNet launching this quarter (Q1 2026), the fundamental "spark" is there to fuel the technical breakout.
* Low Risk/High Reward: Downside is finding strong support at $0.20, while the upside to $1.00 represents a 4x (300%) gain.
โ ๏ธ The Key Levels
* Immediate Resistance: $0.32
* Macro Target: $1.00
* Invalidation: A weekly close below $0.19.
Bottom Line: The chart is "coiling." Once the wedge breaks, the move to $1.00 is a standard technical target, not a dream.
