After an 80% Drop, Is FET Finally Ready to Reverse?

Exactly one year ago, FET reached its all-time high of $3.5, but since then, it has experienced a steep decline of over 80%.
However, the coin has recently found strong technical support around the $0.45 zone, which, in my view, signals a potential rebound on the horizon.

Currently, FET is trading near $0.52, and from a psychological standpoint, being around a key round number and its Binance listing price, we could see a bounce from these levels.

With this in mind, I anticipate a trend reversal, with an initial target of $1 in the near future. Additionally, $0.80 stands as a significant resistance level and could serve as an interim target before further upside movement.

From a risk-reward perspective, this setup offers an attractive 1:5 ratio