FET is starting to get some attention again, mostly because the price is sitting right around the $0.24 area. This zone has been on traders’ radar for a while, and now it’s finally being tested in a meaningful way.
After weeks of messy, sideways-to-down action, the FET price is reacting from a daily order block that has held before. That alone makes this spot interesting.
Crypto Patel recently pointed out that sellside liquidity has already been taken. In simple terms, a lot of the stop-losses below recent lows have already been triggered.
That usually clears out weaker sellers and sets the stage for a bounce, or at least a period where downside pressure starts to fade. It doesn’t mean price has to rip higher immediately, but it does shift the balance a bit.
What you'll learn 👉
Tight FET Price Action Indicates Accumulation
What stands out on the chart Patel shared is how tight the FET price has become after that liquidity sweep. Instead of continuing to dump, FET is compressing just above $0.24.
This kind of slow, controlled movement often shows accumulation rather than distribution. Sellers aren’t in a rush anymore, and buyers seem comfortable absorbing what’s left.
When price behaves like this, it usually means the market is deciding its next direction. As long as FET stays above the order block, the structure remains constructive. There’s no urgency yet, but there’s also no sign of panic selling either.
Read Also: Altcoins Aren’t Dead Yet – The Chart Still Has a Pulse
FET Liquidity Above Sets the Roadmap Higher
Looking higher on the FET chart, there are clear liquidity levels stacked above current price.
The first area to watch sits around $0.2842, followed by $0.3425 and then $0.3900. If momentum builds, the previous month’s high near $0.4600 becomes a much bigger target.
This is why the setup stands out from a risk-to-reward perspective. The idea isn’t that the FET price moves straight up, but that price works its way from one liquidity pocket to the next. Traders can scale out along the way and let the rest run if the structure continues to improve.
Where the Setup Breaks Down
Of course, the risk side is clear too. A sustained move below $0.19 would break the order block and invalidate the bullish idea. That level separates a controlled base from a deeper continuation lower.
For now, this is a wait-and-watch situation. If the FET price holds above $0.24 and starts pushing higher, confidence will grow naturally. If it loses that level, the market likely needs more time. Right now, everything comes down to how price behaves here.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
