FET Price Falls 20% in a Week as AI Crypto Sell-Off Intensifies
The price of FET has been declining sharply, and has decreased by more than 40 % over the past 30 days, with another 20 % in the past week. This sharp correction follows the wider weaknesses in artificial intelligence token, and technical indicators point out the driving force for continuously loser.
Although medium -sized whales have been selling, larger holders are accumulating, which causes uncertainty to whether the bottom is formed. With the rise of ADX, the strong downward pressure has been confirmed, and the EMA cable maintains the structure of the drop. FET is now facing key support and resistance levels, which can determine its main move in the next step.
FET whale sending a hybrid signal
Fet Whales recently showed a mixed signal. The number of addresses between 100,000 and 100,000 FET decreased from 404 to 389, while the number of people holding 1,000,000 fET increased from 166 to 1000,000 FET to 180.
This shows that medium -sized holders are selling when they are large FET whale The accumulation has led to changes in the market.
Tracking whale activities is very important because their movements usually affect price trends. FET has fallen by 15 % in the past 24 hours, nearly 50 % in the past month. This model may indicate that the potential bottom or continue volatilityEssence
If the big whale continues to buy, confidence in recovery may increase, but Continuous sales pressure It can promote the reduction of prices.
FET DMI indicates that the decline is very powerful
FET’s ADX is currently 49.4, which has almost doubled in the 24.8 times within two days. This sharp increase indicates that the intensity of the current trend is increasing, thereby strengthening the persistent market direction.
In view of FET is in a downward trendThe rising ADX indicates that the decline is getting stronger and stronger.
ADX measures the trend intensity, the value is higher than 25, which means a strong trend, while the trend over 40 years old shows a stronger move.
At the same time, +DI decreased from 14.5 to 5.7, while the soaring of -Di rose from 19.6 to 37.3, and its peak was earlier than 48.1. This confirms that the seller is firmly controlled, unless+DI starts to rise, otherwise FET price May face further downward pressure.
FET price forecast: FET will reach its lowest level since December 2023?
FET’s EMA cable is formed by the decline, and all short -term lines are lower than long -term lines. If the current downward trend is still strong, Fet It can be tested supporting at $ 0.69, but fails less than $ 0.59.
If the sales pressure still exists, the price may fall for the first time since December 2023, threatening it as one of the most related positions Artificial intelligence encryption In the market.
However, the change of momentum may be promoted FET price Agreement towards $ 0.94.
Breakthroughs exceeding this level may cause IT test $ 1.11, and further rising space may restore it to $ 1.34.
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