$FET has fallen 70% in the past three months. But the weekly chart is doing well now, with a bullish retracement at the previous all-time high area and the weekly 50-day moving average, and the support/resistance switch looks confirmed.
The three-month consolidation may end soon. The formation of the bottom will take time, and the next support level is $0.80. A double bottom near $1.1 is also possible.
It has rebounded 20-25% at present. Although it is not completely certain that it has turned bullish, the price may still rise to $1.70. It will only be fully bullish when the price returns to the $1.7-1.8 area. It is expected to reach $2 soon.
Buying in the extremely fearful oversold area usually has a good return. Buy in the blue area. However, I personally missed this opportunity, but I believe in AI Coin, so I will increase my position every time it pulls back.
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