$FET is starting to show the exact type of structure that appears near major market reversals

Not hype
Not vertical momentum
A transition
And those transitions are where the biggest asymmetrical opportunities usually begin
The chart tells a very clear story

After the AI narrative exploded, price entered a long distribution phase followed by a brutal multi-month decline

That’s normal after euphoric expansions

What matters is what happens after the collapse

Recently, volatility compressed near historical lows while downside momentum started fading

That’s usually the first signal that a market is moving from capitulation into accumulation

Now the structure begins changing:

lower highs stop accelerating downward

buyers start defending higher zones

and momentum slowly rotates upward

This is why the “reversal moment” on the chart matters

Because markets rarely move in straight lines after major bottoms

They move in waves:

impulse
pullback
continuation
retest
expansion

And if the AI narrative returns during the next liquidity cycle, assets like $FET could reprice much faster than most traders expect

Especially considering how aggressively the market chased AI-related tokens during previous momentum phases

The interesting part is psychological

Most people become bullish after confirmation

But confirmation usually arrives after the easy part of the move is already gone

The market rewards positioning during uncertainty - not comfort

Structurally, $FET looks much closer to early recovery than late-cycle euphoria

FET

0.2109

-6.05%