$FET 🚀🔥 Fetch.ai (FET) Big Dump at FET: Resistance Strong as Bears Tighten Grip 📉⚠️

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🦀🦀Fetch.ai (FET) is undergoing a big dump, with powerful resistance levels rejecting every bounce attempt 🌪️🎯. After failing to sustain momentum above $1.50, price has unraveled in heavy waves of selling, sliding rapidly back toward the $1.25 area 🧊🥀. On-chain data reinforces this bearish pressure, with whale wallets moving significant amounts to exchanges and systematically reducing exposure 🐢🎒.

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📉📉Momentum indicators have turned decisively negative. The RSI has collapsed to 34, showing clear exhaustion among buyers and persistent bearish control 🍉🧭. The MACD histogram has deepened in the red, while short-term moving averages are fully aligned in a downtrend 🍋🎢. Volume has remained high on each red candle, confirming conviction behind the liquidation flows 🎯🐸. In the derivatives markets, funding rates have slipped into negative territory, while open interest continues climbing, indicating that traders are stacking up short positions in anticipation of more downside 🌳🔥. If FET fails to hold $1.25, price could accelerate further toward the $1.10–$1.15 zone 🚧🦋.

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🌼🌼Fundamentally, Fetch.ai remains a leader in AI-powered blockchain applications, with multiple partnerships and platform expansion underway 📡🌈. However, these positives are being overshadowed in the short term by aggressive technical selling and risk-off sentiment across crypto markets 🦦🌫️.

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🦚🦚Traders should watch the $1.25 level carefully. A decisive breakdown with heavy volume will likely confirm the big dump structure and invite further capitulation. A quick reclaim above $1.35 could set up a relief bounce. Stay vigilant and manage positions cautiously as volatility escalates 📊⚡.