The article highlights that FET is currently facing strong downward pressure, with the Relative Strength Index (RSI) indicating further weakness. The token has slipped below the 100-day Simple Moving Average (SMA) on the 4-hour chart, suggesting negative forces outweigh bullish attempts at price recovery. The RSI has declined to 34%, potentially signaling a continuation of the bearish trend unless buying interest returns. On the daily chart, FET is displaying pessimistic movement, increasing the likelihood of it falling below the 100-day SMA and heading toward the $0.966 mark. The 1-day RSI also indicates negative pressure intensifying, suggesting sellers are gaining dominance. The $0.966 mark is seen as a crucial support level, with a break below signaling further decreases, while holding above could indicate a potential reversal and higher price levels.



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