Will FET Experience a 7% Drop? Check out the Analysis!

Updated

May 28, 2025

Gambar Will FET Experience a 7% Drop? Check out the Analysis!

Jakarta, Pintu News – In recent weeks, the Fetch.ai AI token has performed quite bullishly in the crypto market. However, after being rejected several times at the $0.9 threshold, there is a possibility that FET will retest the support zone at $0.8. This analysis will dig deeper into FET’s price dynamics and what might happen next.

Fetch.ai (FET) Daily Technical Analysis

On the 12-hour chart, Fetch.ai (FET) seems to have a bullish outlook. Since mid-April, FET has recorded higher tops and higher bottoms, a classic indicator of an uptrend. The Volume Balance (OBV) also shows an increase, signaling that the price increase is supported by growing demand.

The Relative Strength Index (RSI) indicator has been holding above the neutral 50 mark, reflecting the strong bullish momentum of Fetch.ai (FET) in recent weeks. However, the recent decline in the RSI is due to repeated rejections at the $0.9 price, suggesting that this resistance has not been successfully broken.

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Range Formation and Selling Pressure

On the 4-hour chart, it can be seen that Fetch.ai (FET) has formed a trading range between $0.805 and $0.94. Despite the selling pressure, the OBV shows that there is no massive selling going on, signaling that sellers are not aggressively pushing the price down within this range.

The RSI is moving around the 50 mark, indicating a lack of strong momentum in the short term. This is due to the recent range formation. If Bitcoin experiences a drop from the $109,000-$110,000 range, Fetch.ai (FET) may experience a drop to the $0.8 support zone.

Upgrade Potential and Liquidity

Despite the possible decline, Fetch.ai (FET) also has the potential to reach $1. This is possible if there is a significant surge in volume. The liquidation map shows an accumulated liquidation rate just below $0.8, which could be a critical area in case of further declines.

On the other hand, there is little liquidity at $0.89 which may be a target in the short term. Traders should pay attention to volume changes as an indicator of significant price movement, be it up or down.

Conclusion

Taking into account technical analysis and current market dynamics, Fetch.ai (FET) traders should be wary of a possible drop to the $0.8 support zone. However, it does not rule out a price spike if there are strong enough drivers. Investment decisions should be based on in-depth analysis and a good understanding of market risks.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.