What to know:
- FET drops to $0.2022, extending bearish momentum with a 6%+ daily decline as selling pressure increases.
- Key support zone $0.201–$0.222 is critical, with analysts warning a breakdown may trigger a move toward $0.177.
- Technical indicators show weak momentum, with RSI at 41.29, signaling seller dominance and limited bullish strength.
Fetch.ai (FET) token remains under bearish pressure as weak recovery momentum and increased selling sentiment keep the downtrend active. Experts warn that failure to hold key support levels could trigger deeper losses for the FET price, while only a strong breakout above resistance may confirm a lasting bullish reversal. According to CoinMarketCap, FET is trading at $0.2022 with a daily loss of 6.19%.
Source: CoiMarketCap
Also Read: Fetch.ai Recovery Gains Strength: FET Price Could Surge to 300% Ahead
FET Price Faces Pressure as Bears Target Key Support
Furthermore, the data from More Crypto Online pointed out that the FET price continues trading inside a corrective pullback, with analysts warning the broader recovery still lacks strong bullish momentum.
Since forming its 2026 low, the asset has only produced a three-wave advance, a structure commonly linked to temporary rebounds rather than sustainable trend reversals. Traders remain cautious as downside risks continue dominating short-term sentiment.
The technical analysts highlighted that the current market structure should be supported by a tight range, which lies in the region of $0.201-$0.222.
In case of a successful defense of this range by the bulls, the FET price may see another attempt at breaking higher, based on the hypothetical bullish situation. However, considering the absence of an impulsive rally, there is an indication that the prevailing downtrend persists locally.
Source: More Crypto Online’s X Post
If the selling pressure increases further, the focus may shift to the important bearish correction level near $0.177, which is considered an essential support area required to complete wave C.
The resistance level remains consistent at $0.248. According to experts, only a convincing breakout will confirm the bearish reversal in the FET price.
FET Faces Pressure Below Key Moving Averages
According to TradingView, the FET price experiences an abrupt decline on a bearish reversal as it falls to $0.2022, giving up more than 5% in just one trading session.
The token crosses under the 20-day, 50-day, and 100-day EMAs, confirming that the latest rally is no longer intact. The three moving averages currently act as the resistance level for any upward move.
Source: TradingView
The RSI is currently 41.29 and is trading below its signal level, indicating stronger downward pressure. Though some psychological support can be derived from the $0.20 level, the significant gap formed below the 200-day EMA at $0.2749 needs to be considered.
In order to change the FET price sentiment into a bullish one, the buyers will have to recapture the short-term MA levels.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Fetch.ai Price Prediction: FET Price Eyes $1.80 After Defending Support
Be the first to comment