#FET formed a rounded top on the 4h chart - a structure that signals a distribution after a strong rise. The support around the neckline around 0.68-0.70$ is being kept under pressure.
If this neckline clearly breaks, the breakdown could trigger a continuation downward, potentially bringing #FET towards the 0.62-0.60$ area. For the bulls to regain momentum, #FET must reclaim 0.71 and reverse the short-term structure in their favor. For now, FET leans bearish and the rounded top pattern is active