$FET spent more than a month grinding between 0.148 and 0.183, and today it was taken directly to 0.205. Volume is 205M, and the turnover rate of the market cap 475M float has already exceeded forty percent. Over the next 30 days it’s up 25%, but measured over a 1-year timeframe of -68%, this is just another rebound in the middle of a decline. The difference is whether the previous time had such volume support: back on Aug 23, there was a 165M bullish candle; after that, the price spent three weeks re-testing the lows.
More crucial is the volume structure. In mid-September, volume kept churning in the low range of 38M–64M, but on the 21st it suddenly printed a trade volume close to 206M—this is not a size that retail investors alone can stack. Funds are indeed entering, but whether they’re buying an Alpha-style breakout or a counter-trend trade is still not answered by the tape.
What truly needs confirmation is the 0.185 level. If next volume contracts back within 80M and price can still hold above 0.19, then this surge in volume is considered valid; if tomorrow it drops back below 0.18, then the positions chased today will become the next batch waiting to break even. Holders shouldn’t just think about whether to take profit—it’s whether, at this level, there are people willing to accept even more expensive shares. Meanwhile, observers are also waiting for this answer. The thickness of the trapped supply above $FET is precisely what will determine the subsequent upside potential. Whether the people who chased higher today or those who held from the bottom are actually lifting each other’s fortunes—this contradiction likely won’t be clear until the volume continues for another two days.
More crucial is the volume structure. In mid-September, volume kept churning in the low range of 38M–64M, but on the 21st it suddenly printed a trade volume close to 206M—this is not a size that retail investors alone can stack. Funds are indeed entering, but whether they’re buying an Alpha-style breakout or a counter-trend trade is still not answered by the tape.
What truly needs confirmation is the 0.185 level. If next volume contracts back within 80M and price can still hold above 0.19, then this surge in volume is considered valid; if tomorrow it drops back below 0.18, then the positions chased today will become the next batch waiting to break even. Holders shouldn’t just think about whether to take profit—it’s whether, at this level, there are people willing to accept even more expensive shares. Meanwhile, observers are also waiting for this answer. The thickness of the trapped supply above $FET is precisely what will determine the subsequent upside potential. Whether the people who chased higher today or those who held from the bottom are actually lifting each other’s fortunes—this contradiction likely won’t be clear until the volume continues for another two days.