$FET spent months getting destroyed while attention moved to newer narratives

Now the chart is sitting in the exact type of structure where major reversals usually begin

Volatility collapsed

Selling slowed down

Price stopped making aggressive new lows

That matters more than people think

Because after long downtrends, markets don’t reverse with excitement first

They reverse with exhaustion

The key thing on this chart is the overhead liquidity map

There are three major reclaim zones sitting above current price:

The first recovery range near previous consolidation highs

The mid-cycle resistance zone where distribution accelerated

And the larger macro liquidity area near the cycle highs

That’s why these levels matter

Markets are constantly attracted toward untouched liquidity

And when a chart spends enough time compressing near the lows, even small demand imbalances can trigger violent upside expansion

Most traders won’t believe the reversal until price is already much higher

But accumulation phases are always the least convincing part of the move

That’s what makes them valuable