The price of FET has experienced a significant decline of over 40% in the last 30 days and an additional 20% in the past week. This drop is part of a broader weakness in artificial intelligence tokens, and technical indicators suggest that bearish momentum may continue. While mid-sized whales have been selling FET, larger holders are accumulating, creating uncertainty about whether a bottom is forming. The number of addresses holding FET in different ranges has shifted, indicating a change in the market. Tracking whale activity is important as it can impact price trends. The rising ADX suggests that bearish momentum is getting stronger, while the +DI and -DI indicators confirm that sellers are in control. If the downtrend continues, FET could test support levels at $0.69 and potentially drop below $0.50. However, a shift in momentum could push the price towards resistance levels at $0.94 and higher.



Other News from Today