Recently, a common question is: "Why has FET been sideways for so long? Is it already done?" This kind of doubt actually reflects the short-term anxiety of many investors. But if you only focus on the daily K-line chart, it's easy to get that illusion.

From another perspective, the current calm period of FET may not be a sign of decline. Instead, it could indicate that the market is undergoing a deeper adjustment. Those sellers who hold firm above $0.20 are actually expressing their judgment of the project's value through their actions—they believe this price is a bottom that cannot be broken.

There is an industry phenomenon behind this worth noting: whether a project can regain attention often depends on the holder's resolve. When short-term speculative funds have exited, the remaining participants are usually those with genuine confidence in the project. This shift in the holder structure will gradually form a support system for the price.

Looking at the project level, FET's technological development has been ongoing. Recently, several discussions regarding ecological cooperation are underway. Although these developments haven't directly driven the price yet, once substantial news is announced, it could be a turning point for market reaction. Often, the accumulation phase at the market bottom is the easiest to overlook.

From this perspective, FET's current situation is not a project in trouble, but a process of market re-pricing and participants re-evaluating. Those who truly see through the situation are quietly holding their value bottom line at this moment.