FYI..

Everyone was calling $FET the future of AI when it was above $2

Now it sits under $0.20 and suddenly nobody wants to talk about it

That’s how this market works

Hype at the highs
Silence at the lows
But the structure here is interesting

FET spent months bleeding under a clear descending trendline, and now price is compressing near the same zone where sellers started losing momentum

That usually happens before volatility returns

First major reclaim sits around $2.1

That’s the level where the last big rejection happened before the full breakdown

If bulls recover that area, sentiment changes fast

Then comes the bigger liquidity magnet near $3.4

And that’s where things get dangerous for sidelined traders

Because once AI narratives start running again, people won’t wait for “confirmation”

They’ll ape in after the move already happened

The market already showed what it’s willing to pay for AI coins during peak euphoria

The only question now is whether $FET becomes one of the names that gets rediscovered first