Technical analysis by CryptoPatel about Symbol FET: Buy recommendation (8/5/2025)

FET is back in the zone that sparked 15,000%+ rallies. Same setup. 50x incoming? FET continues to respect its multi-year ascending channel structure, active since 2020. Price Action History: 🔹 Wave 1 (2020–2021): +15,600% rally from channel support to resistance 🔹 Wave 2 (2022–2024): +6,400% move following a similar breakout pattern. 🔹 Current Cycle (2025): Price is consolidating in the same accumulation range of $0.35–$0.65. Key Demand Zone: $0.35–$0.65 Upside Target: ~$24.00 (5,000%+ potential) 🔻 Breakdown Level: Below $0.35 = Structure invalidation Structure Insight: Each macro move begins with: 🔹 Accumulation at channel support 🔹 Break of falling trendline 🔹 Aggressive expansion toward the upper boundary The projected Wave 3 follows this same path if demand zone holds. The structure remains bullish as long as price stays above $0.35. FET is trading at a high probability accumulation level within a valid macro trend. If history repeats, this could be the next major leg up. ✅ Favor long accumulation strategies ❌ Exit plan needed below $0.35 NFa & DYOR