$FET turned $1.30 into $0.10.
That is not a correction. That is a confession.
A confession that the market completely oversold one of the most
legitimate AI tokens in the space. And that kind of pain rarely lasts forever.
What the chart is saying:
After a brutal 92% drawdown that lasted over a year, $FET has been quietly making higher lows since bottoming at $0.10 in late 2025. No headlines. No hype. Just a slow, steady base building while everyone else looked away.
It is now trading at $0.2489, more than 2x off the bottom, and creeping toward the 200-day MA at $0.2889 for the first time in months.
That gap is the only thing worth watching right now.
Key levels:
$0.2533 — immediate resistance, today's high. Needs to break cleanly.
$0.2889 — the 200-day MA. Reclaiming this with volume changes everything.
$0.2244 — first support below. Losing this is an early warning sign.
$0.10 — the line in the sand. Below this the recovery thesis is dead.
The honest take:
$FET is still in a downtrend until it reclaims and holds the 200 MA. But the risk-reward is starting to look interesting for the first time in a long time.
This is not a buy signal yet.
It is a watch signal.
And sometimes that is the most valuable one of all.