The FET token experienced a 14% decline over six days, attributed to overbought conditions and a $13.2 million decrease in derivatives open interest, which included $1.4 million in liquidations. Despite this downturn, the token saw $6.5 million in spot inflows, suggesting potential recovery. Technical indicators such as a MACD crossover and an RSI of 48, along with a positive funding rate, indicate diminishing selling pressure and increasing buyer interest, hinting at a possible rebound.