The Fet Winth Line (FET) has witnessed a significant decrease in value during the past week. As of this writing, AI Agent is traded at $ 1.08, which is its lowest level since September 2024.
This low price comes amid a decrease in whale activity, with adult holders unloading large quantities of Fet distinctive symbols in recent days.
Fetal whales selling property
According to Santiment, the whales of between 10,000,000 and 100,000,000 Fet imposed more than $ 25 million of distinctive symbols in less than seven days, which reduced the Fet value by 7 % during that period.
When whales increase sales, they separate large quantities of the distinctive symbol in the market, which may increase the supply and decline in the price. This increase usually dominates the sale of pressure on the demand, causing a decrease in the value of the distinctive symbol.
The market often interacts with these sales operations with increased uncertainty, which leads to more prices if the direction continues.
Moreover, the weighted negative emotions of FET confirm the declining bias towards it. At the time of the press, this is in -0.41, which reflects pessimism among the market participants.
The likely feelings of origin are their positive or negative bias. It is considered both the size of social media and the feeling expressed in these references.
When it is negative like this, it is a downward signal. This means that investors have become increasingly skeptical of the expectations of the symbol near the distinguished, which led them to trade less and cause a decrease in prices.
Fet price decrease: Is a sharp drop to $ 0.70 on the horizon?
FET is circulating much lower than the 20 -day SIA moving average (EMA) on the daily chart. This main moving average is the average price of the original over the past twenty days, which gives more weight to the last prices.
When the price of the original decreases to less than the EMA for 20 days, it indicates a potential declining momentum, indicating a decrease in prices. If Fet continues, its price may decrease to $ 1.02. If this support level fails, the value of the distinctive symbol may decrease to $ 0.70.
However, the shift in market morale and the rise in the demand for FET will nullify this landfill. In this scenario, the distinctive code price can collect about $ 1.29.
Disintegration
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