FET Near-Term Neutral-to-Bearish; Key Support 0.1578, RSI/MACD Hint Recovery

FET (FET/USDT) is trading near $0.17 in a short-term downtrend but with mixed momentum that raises the chance of a local recovery. Latest readings: price ~ $0.1709, 24h volume ~$16M, 24h range $0.1676–$0.1742. Short-term EMAs and Supertrend remain bearish (EMA20 ≈ $0.17, EMA50 $0.185, EMA200 ≈ $0.22). RSI(14) has risen to ~37.6, showing weakening downside momentum and a hidden bullish divergence versus recent lows. MACD histogram is positive and expanding, indicating growing buying pressure although both MACD and price remain below longer-term averages. Low trading volume suggests limited selling pressure and potential base formation. Technical support levels to watch: immediate support at $0.1578 (critical short-term level), then $0.1504 and $0.1340; confirmed breakdown below $0.1340 could lead to deeper targets seen in earlier analysis. Upside thresholds: reclaiming $0.1788 would open a move toward $0.2245; stronger resistance sits between $0.19–$0.21 with an extended target around $0.2971 on a sustained breakout. Liquidity mapping notes stop-hunt risk just below $0.155–$0.1578 and sell-side liquidity between $0.161–$0.19, so quick moves from low-volume nodes near $0.16 are possible. Correlation with Bitcoin remains high (~0.8–0.85); BTC weakness increases downside risk for FET. Trading implications: holding above $0.1578 favors reaction buys (targets $0.161–$0.19; tight stops below support); losing $0.1578/$0.1340 favors short exposure. Overall bias: short-term neutral-to-bearish with an elevated probability of a short squeeze or local recovery if momentum (RSI/MACD) and volume confirm. This is technical analysis only, not investment advice.