I've been wrong on FET before, so don't take this to the bank or leverage :) ... I'm in spot from much lower.
This recent BTC dump had FET testing $1.34 lows. I was personally expecting a final dump in this area if price action repeats the prior big move from 1Q24.
If this plays out, you would see a thrust to $6.50-$8.50 in 1Q25 (6x), perhaps with an "AI" narrative revival.