$FET is sitting exactly where you want to see a long-term altcoin

The chart has completed a full cycle:

Parabolic expansion into 2024 ATHs

Multi-month distribution and correction

~90%+ drawdown from highs

Long accumulation near cycle lows

Now price is compressing around the same area where previous expansions began

What’s interesting is that the market has already spent over a year digesting the excess from the AI narrative boom

Most weak holders have likely been flushed out, while volatility continues to contract

The two major levels on the chart stand out clearly:

🎯 Target 1: ~$2.00-$2.20

That’s the first major supply zone and the area where sellers stepped in during 2024.

🎯 Target 2: ~$3.40-$3.60

The previous cycle high region and the level that would likely attract significant attention if the AI sector catches another strong bid

Current structure:

Accumulation zone: $0.15-$0.30

First breakout target: $2.00+

ATH retest zone: $3.50+

From current levels, a move to Target 1 would represent roughly 10x, while a full return to ATH territory would be closer to 15-17x

The chart isn’t confirming a breakout yet

but it is showing something many altcoins don’t have right now:

a completed reset after a full market cycle