FET’s price dropped sharply by 20% in one week and over 40% in the past month because of adverse trends in AI cryptocurrencies. Mid-sized holders are offloading FET while larger investors continue to accumulate, causing uncertainty in the market.
The ADX index indicates strong bearish momentum, rising to 49.4. The crucial support level stands at 0.69 USD; if breached, it could lead to a drop below 0.50 USD, with larger holders increasing their stakes.