Fetch.AI (FET) Update
On the 4H chart, $FET is showing a clear rounding top pattern, which often signals distribution after a strong move up. Price has slipped below the neckline support at $0.68–$0.70 and is currently trading near $0.673 with noticeable selling pressure.
If this breakdown holds, the next support levels to watch are around $0.62–$0.60, which could be the target area for bears. On the other side, for buyers to take back control, $FET needs to reclaim $0.71 and close above it to shift the short-term trend back bullish.
Right now, the structure leans bearish, and unless bulls defend the neckline quickly, more downside looks possible.
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