🚨 $FET / USDT – Bounce from Support or Continued Downtrend?
📉 Fetch.ai faces technical pressures after recent drop
📊 Market Summary
• Current Price: $0.6570 USDT
• 24h Variation: −3.18%
• Intraday Range: $0.6372 – $0.6984
• 24h Volume: ≈ $117 M USDT
• Market Cap: ≈ $1.57 B, circulating ~2.394 B FET
📉 Bearish Scenario
• Overall indicators show “Strong Sell” signal, with most moving averages and oscillators bearish.
• Daily RSI ~ 43 → not yet oversold, but trending downwards.
• Negative daily MACD → technical signal of ongoing selling pressure.
📈 Bullish Scenario
• In short time frames (30m/1h), bullish momentum is observed with recovery above EMA7/25/99.
• A close above $0.70 with increased volume could activate a bounce towards $0.75–$0.80.
🎯 Professional Advice
“Monitor buying volume. If you see a bounce from ≈ $0.64–$0.65 with a green candle and increasing volume, a short long could have a good reward. Place stop-loss below $0.63. However, if it falls below $0.64 on a daily close, we could see pressure towards $0.60–$0.62.”
🧠 Interesting Fact
The recent consolidation activates the Artificial Superintelligence Alliance, uniting Fetch.ai, SingularityNET, and Ocean Protocol, reinforcing its role in the decentralized AI ecosystem.
📣 What do you think?
Do you believe that AI momentum will drive a bounce, or will the bearish pressure continue to push FET towards $0.60?
💬 Share your opinion and we will share it with your community!
