Recent performance of FET has indeed left many people feeling conflicted. The price has been oscillating around $0.20, prompting some to ask: "It's fallen so much, why not cut losses?" But an interesting change is happening in the market.

A careful observation of the trading surface reveals that FET has shown a clear "positioning" phenomenon at the $0.20 level. More notably, the sell orders here are gradually shrinking, while the buying interest is increasing. This situation often indicates that—chips are consolidating into the hands of long-term believers.

From the project's fundamentals, FET's core technology development has been steadily progressing. The pace of ecological cooperation has also not slowed down. Although these do not produce immediate reactions on the candlestick charts, they are substantial content supporting the project's long-term value. In the crypto market, reluctance to sell is usually not accidental. Either holders have costs near the current position, or they have confidence in future expectations. Looking at FET, it’s clear that the latter is more common.

Some may say that even good fundamentals can't perform well when the market is cold. This view has some truth, but it is precisely the routine logic of crypto market operation—when most people panic, it is often the moment when mechanisms gradually shift. As selling pressure weakens and chip concentration increases, the market only needs to wait for liquidity to return to potentially usher in a new upward cycle. The patience of holders is especially crucial at this stage.