$FET has already printed two major cycle highs.

The interesting part is that both peaks align surprisingly well with the same rising long-term trajectory.

📍 ATH 1 → first major expansion

📍 ATH 2 → second major expansion roughly two years later

📍 ATH 3 → projected zone if the cycle structure continues

What makes this chart interesting isn’t the target itself.

It’s the timing.

The distance between ATH 1 and ATH 2 is roughly two years

and the projection assumes a similar rhythm for the next cycle.

Right now, price is sitting near historical lows relative to previous expansions.

The orange boxes highlight where each cycle peak formed relative to the trendline.

The green arrow is not showing a breakout that’s already happened.

It’s illustrating a possible path if FET enters another full AI-driven expansion cycle.

For this thesis to work:

buyers need to defend the current accumulation zone

momentum needs to return to the AI sector

price eventually needs to reclaim the previous cycle high area around ATH 2

Only then does the ATH 3 projection become relevant.

That’s why this setup is interesting from a risk/reward perspective.

Not because $FET is already moving.

Because it’s still sitting where previous large moves began.