FET Price Update: Sharp Fall Followed by a Resilient Bounce!
Fetch.ai (FET) surprised traders today with a sharp correction, dipping as much as -8.06% in the last 24 hours. The token tumbled to a low of $0.686, testing a key support zone that previously acted as a strong demand area.
Despite the heavy selling pressure, FET managed to show signs of strength, bouncing back slightly and currently trading around $0.719. Its 24-hour price range remains between $0.686 and $0.797, reflecting both volatility and potential opportunity for active traders.
The minor recovery hints that buyers are not willing to give up easily at this level. However, the broader momentum still leans bearish unless FET can reclaim key resistance zones in the coming sessions.
Key Takeaways:
Current Price: $0.719
24H Range: $0.686 – $0.797
Momentum: Heavy dip, slight recovery
What’s Next?
If FET holds above the $0.686 support, we might witness a stronger reversal attempt. However, if selling pressure intensifies again, another retest of lower supports could be on the table.
Stay tuned for more updates as FET tries to regain its footing in this volatile market!