FET has found itself at a critical juncture on the higher timeframe chart. After experiencing a brutal correction that wiped out nearly 97% from its all-time highs, the token is now testing a major support zone at the macro level.

What's interesting here is the price action. Instead of showing signs of further collapse, FET appears to be consolidating around these support levels—a classic setup for long-term re-accumulation. The technical structure on higher timeframes suggests the worst of the selling pressure might be behind us.

The macro support zone isn't random either. This is where buyers historically stepped in, and the current price action suggests they're paying attention again. Whether this translates into a meaningful recovery or just another false bounce remains to be seen, but the setup certainly warrants closer monitoring for traders looking at longer-term opportunities.