FET/USDT — Testing the Critical Support Zone: Will Reversal?The FET/USDT (4D timeframe) chart shows the price currently sitting at the major support area between $0.25 and $0.20, highlighted by the yellow block. This zone has historically acted as a strong demand area, which previously triggered a massive rally toward the $1+ region in late 2023.
The recent sharp drop indicates heavy selling pressure, but the presence of a long lower wick (rejection) around this area suggests that buyers are still defending this key level — signaling a potential buying reaction zone or early accumulation phase.
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Pattern Description
The price structure is currently in a descending pattern, but it’s now reaching a potential bottom area. The current setup could evolve into a double bottom or accumulation base formation if the price can hold above $0.20 for the next few candles. This region is crucial for defining whether FET is forming a cycle low before a major rebound.
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Bullish Scenario
Price holds above $0.25–$0.20 and confirms with a bullish reversal candle (hammer or engulfing).
Break and hold above $0.30 will be the first bullish confirmation.
Mid-term targets: $0.385 – $0.57 – $0.78.
If momentum strengthens, the next potential target is $1.09.
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Bearish Scenario
If price breaks below $0.20 and fails to recover, the next key support lies around $0.113 (historical low).
A confirmed breakdown below $0.20 signals loss of major structure, opening room for a deeper distribution phase.
In an extreme bearish case, FET may form a new cycle low before any sustainable recovery.
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Conclusion
The $0.25–$0.20 zone is the key decision point for FET/USDT in the medium term.
Holding this support would strengthen the case for a bottom formation and reversal setup,
but losing it would likely confirm a continuation of the downtrend toward lower levels.
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