The post FET Price Set for 20% Fall, Here’s Why appeared first on Coinpedia Fintech News
It appears that the Artificial Superintelligence Alliance (FET) is poised for a massive price decline as it has formed a bearish price action pattern on a daily time frame. In addition, FET’s on-chain metrics such as future open interest, Long/Short ratio, and liquidation levels are signaling bearish market sentiment and potential price decline.
FET Technical Analysis and Key Levels
According to expert technical analysis, FET is currently at a crucial support level of ascending trendline and the 200 Exponential Moving Average (EMA) on a daily time frame. If it breaches this support level and closes a daily candle below the $1.32 level, there is a strong possibility that the FET’s price could fall by 20%, reaching the next support at the $1.045 level in the coming days.
Source: Trading View
Apart from this, there is also a possibility of price reversal at the $1.26 level, as thi
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