FET has experienced some recent FUD when attempting to add PAAL into the ASI alliance. I think both FET and PAAL have done some damage control, and FET is starting to gradually recover. The ASI team is introducing an “earn and burn” mechanism to reduce the FET supply. Each time a team is added the FET supply has increased, which is diluting the holders and lowering the price. Hopefully the earn and burn mechanism provides a great solution because the FET team needs to restore some bullish sentiment for ASI. For now I think traders are waiting to see what the earn and burn feature looks like. FET has rebounded from the yellow support line, and I have $1.7477 as my next key resistance target to monitor on the way up. FET is making little progress so far with a lot of short-term pullbacks when attempting to rally.

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