Recently, the cryptocurrency market has once again become the focus of investors, among which the trend of $FET coin is particularly noteworthy. The market generally expects that $FET may rise to 1 dollar, but this view may be overly optimistic.

From a technical analysis perspective, the current $FET trend is likely to exhibit a 'dead cat bounce' ABC pattern. This means that before reaching higher price levels, there may be a pullback first, with prices potentially dropping to the 0.4-0.5 dollar range.

Regarding investment strategies, it may currently be a good opportunity to build a position. However, considering the uncertainty in the market, it is recommended to focus on purchasing spot assets and to use leverage cautiously. Although there may be a chance to take profits near $1, this could impact the long-term development of the cryptocurrency. If it cannot break through its historical high, $FET may lose market attention, affecting investment enthusiasm next year.

Another possibility is that $FET continues to rise without experiencing a pullback. In this case, the price may climb to 8, 11, 22, 43, or even 98 dollars. However, this scenario is difficult to predict accurately and can only be analyzed in hindsight.

Considering that the cryptocurrency market is largely influenced by investors' psychological expectations, my personal view leans towards $FET possibly experiencing a significant correction first. However, whether it corrects or continues to rise, investors should remain vigilant and practice risk management.

The cryptocurrency market is ever-changing, and investment decisions need to consider multiple factors, including but not limited to technical analysis, market sentiment, and project fundamentals. It is advisable to conduct thorough research and seek professional advice before making any investment decisions.