FETUSDT β€” Final Support Zone Before a Potential Major Reversal?

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FETUSDT β€” Final Support Zone Before a Potential Major Reversal?Artificial Superintelligence Alliance/TetherGATE:FETUSDTCryptoNuclearπŸͺ™ Coin: FET βŒ› Time Frame: 1W πŸ“‰ Pattern: Long-Term Descending Structure + Historical Demand Zone πŸ’° Current Price: Β± $0.1338 🟨 Demand Zone: $0.101 – $0.075 ━━━━━━━━━━━━━━━━━━ πŸ”Ž TECHNICAL ANALYSIS πŸ“‰ 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. πŸ—οΈ 2. Historical Demand Zone The $0.101 – $0.075 area is particularly interesting because it previously acted as an accumulation area before the major breakout in 2022–2023. 🟨 This zone could potentially act as a Historical Demand / Support Area if price returns to it. 🎯 3. Current Price Position Price is currently around $0.1338, meaning it is relatively close to the demand zone. ⚠️ If selling pressure continues, price could potentially perform a sweep/liquidity grab into the $0.101–$0.075 area before attempting a reversal. ━━━━━━━━━━━━━━━━━━ 🟒 BULLISH SCENARIO 🟒 $0.101 – $0.075 holds as support. 🟒 Strong rejection / bullish weekly candle appears from the demand zone. 🟒 Price then reclaims $0.17 as the first major resistance. 🟒 If the $0.17 breakout is successfully confirmed, the recovery momentum could continue toward: 🎯 $0.25 🎯 $0.40 🎯 $0.60 πŸš€ 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. ━━━━━━━━━━━━━━━━━━ πŸ”΄ BEARISH SCENARIO πŸ”΄ Price fails to hold and breaks below $0.075 on the weekly timeframe. πŸ”΄ The demand zone loses its function as support. πŸ”΄ If the breakdown is confirmed, the next areas to watch are: πŸ“ $0.0529 β€” Historical Low πŸ“ $0.0390 β€” Potential Next Support πŸ“ $0.0270 β€” Deeper Support ⚠️ A breakdown below $0.075 would significantly weaken the bullish setup around the demand zone and could open the door to further bearish continuation. ━━━━━━━━━━━━━━━━━━ πŸ“ PATTERN & MARKET STRUCTURE πŸ“‰ 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. 🟨 Historical Demand Zone The $0.101 – $0.075 area is technically significant because it previously acted as an accumulation base before the major upside move. πŸ”„ 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. πŸ’§ 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. ━━━━━━━━━━━━━━━━━━ 🎯 KEY LEVELS 🟨 Demand: $0.101 – $0.075 πŸ”΄ Major Breakdown: