FET seems to be encountering resistance. It was pushed back twice at the $0.31 level, but trading volume is shrinking, which is a bit awkward. The 24-hour decline is -2.42%, showing quite weak performance compared to the overall market.

Even more concerning is the trading volume, which has dropped directly by 42% to $78.8M. What does this mean? Insufficient buying pressure and increasing selling pressure. In such a low liquidity environment, any downward breakout could turn into an accelerated drop. Currently, the $0.265 support line has become the focal point—if it can't hold, the situation could get even uglier.

From a technical perspective, repeated rejections at key levels, combined with poor volume confirmation, clearly favor the short-term bears. Investors are now most concerned about: Can $0.265 hold?