FET Price Tests Support as Double Bottom Forms
- FET price remains near $0.138 as buyers defend support, while the broader daily and weekly structure still needs clear confirmation.
- The green demand zone has produced repeated reactions, but bearish MACD, RSI, and moving averages still keep reversal risks elevated.
- A breakout above the double-bottom neckline could strengthen recovery signals, while losing support would weaken this reversal setup.
FET price is testing a key demand zone after an extended decline, with a possible double bottom emerging while momentum indicators remain mixed across the daily and weekly charts.
Demand Zone Shapes the Potential Reversal
The chart shows FET returning to the green demand zone after prolonged selling. FET price remains beneath several declining moving averages across the displayed higher-timeframe structure. That positioning keeps the broader trend bearish despite recent stabilization around support.
Two reactions near the same area create the early shape of a double bottom. The first recovery established support, while the latest decline tests that foundation again. A successful defense could create conditions for a broader structural recovery.
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