$FET

The price has not yet produced structural confirmation that a bottom has formed. The current price action remains consistent with a broader downtrend, and the market has not yet developed the type of impulsive advance that would typically signal a reversal.
If the market begins to show increasing strength from the current region, particularly with a sustained break above the February high and above USD 0.186, the structure could open the door to a corrective move higher. In that case, the market may be starting a wave 4 bounce within the broader downward sequence.
The first larger resistance region is located between USD 0.368 and USD 0.732.