FETUSDT β Final Support Zone Before a Potential Major Reversal?Artificial Superintelligence Alliance/TetherGATE:FETUSDTCryptoNuclearπͺ Coin: FET β Time Frame: 1W π Pattern: Long-Term Descending Structure + Historical Demand Zone π° Current Price: Β± $0.1338 π¨ Demand Zone: $0.101 β $0.075 ββββββββββββββββββ π TECHNICAL ANALYSIS π 1. Long-Term Trend FET remains in a large corrective structure after reaching an ATH around $3.48. The overall price action continues to form a sequence of Lower Highs & Lower Lows, indicating that bearish pressure remains dominant on the 1W timeframe. ποΈ 2. Historical Demand Zone The $0.101 β $0.075 area is particularly interesting because it previously acted as an accumulation area before the major breakout in 2022β2023. π¨ This zone could potentially act as a Historical Demand / Support Area if price returns to it. π― 3. Current Price Position Price is currently around $0.1338, meaning it is relatively close to the demand zone. β οΈ If selling pressure continues, price could potentially perform a sweep/liquidity grab into the $0.101β$0.075 area before attempting a reversal. ββββββββββββββββββ π’ BULLISH SCENARIO π’ $0.101 β $0.075 holds as support. π’ Strong rejection / bullish weekly candle appears from the demand zone. π’ Price then reclaims $0.17 as the first major resistance. π’ If the $0.17 breakout is successfully confirmed, the recovery momentum could continue toward: π― $0.25 π― $0.40 π― $0.60 π In a stronger bullish scenario, reclaiming these levels could indicate that the long-term bearish structure is beginning to weaken and potentially transition into a broader recovery. ββββββββββββββββββ π΄ BEARISH SCENARIO π΄ Price fails to hold and breaks below $0.075 on the weekly timeframe. π΄ The demand zone loses its function as support. π΄ If the breakdown is confirmed, the next areas to watch are: π $0.0529 β Historical Low π $0.0390 β Potential Next Support π $0.0270 β Deeper Support β οΈ A breakdown below $0.075 would significantly weaken the bullish setup around the demand zone and could open the door to further bearish continuation. ββββββββββββββββββ π PATTERN & MARKET STRUCTURE π Long-Term Descending Structure After reaching its ATH, FET developed a tendency of forming Lower Highs & Lower Lows, indicating a prolonged correction / long-term bearish structure. π¨ Historical Demand Zone The $0.101 β $0.075 area is technically significant because it previously acted as an accumulation base before the major upside move. π Potential Reversal Area If price enters the demand zone and produces a strong rejection, this area could become the starting point for a relief rally / potential trend reversal attempt. π§ Liquidity Sweep Potential There is also a possibility that price first sweeps liquidity below or around the lower part of the demand zone before reversing. Therefore, the reaction and confirmation from the Weekly candle will be important. ββββββββββββββββββ π― KEY LEVELS π¨ Demand: $0.101 β $0.075 π΄ Major Breakdown: