$FET is sitting where previous cycle bottoms were formed
Most people only notice $FET after it has already pumped
The monthly chart tells a different story
📉 Massive correction from the 2024 AI mania highs
📉 Volatility has collapsed near historical support
📉 Price is now trading in the same region where previous expansions began
The interesting part is the structure
The first major rally topped near $3.5
then the next cycle pushed even higher before the market entered a prolonged correction
Now $FET is back near the base of the entire move
This is exactly where sentiment is usually at its worst and risk/reward starts becoming attractive
If AI narratives return and capital rotates back into the sector
reclaiming the previous ATH zone around $5+ becomes a realistic objective
From current levels, that would represent a move that most traders won’t believe until it’s already underway
The chart isn’t showing euphoria
It’s showing accumulation after a brutal reset
Previous ATH → Collapse → Accumulation → Potential Reversal
