CandleFocus FET 18% Decline Lands It Among Top Losers in the Top 100 Cryptos
2024-11-13
Author: Content Editor
The native token of the Artificial Superintelligence Alliance, FET, has experienced an 18% price decrease in the last 24 hours, causing its price to drop from $1.62 to $1.28. This decline suggests that the altcoin may see further losses. One key indicator pointing to potential further decline is the decrease in Coin Holding Time, which indicates selling pressure and lack of belief in the token's short-term potential. Additionally, the Historical In/Out of Money metric shows a decrease in FET holders with unrealized profits, indicating a lack of encouragement to buy the altcoin. The daily chart also illustrates that FET's price has fallen below key Exponential Moving Averages, indicating a lack of support. If this continues, the price could drop to $1.24 or even as low as $1.13. However, if there is a significant accumulation of the token by buyers, the altcoin could rise to $1.74.
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