Current Market Snapshot ($FET )
Price: ~$0.28 per $FET .
Market sentiment: Still bearish with Fear & Greed indices showing fear, underscoring cautious investor behavior.
Recent trading sees compression and muted volatility, indicating a range-bound market in the short term.
📉 Recent Price Action & Technical Indicators
Bearish signals
$FET has struggled to break above key trendlines and moving averages; sellers have capped upside.
Daily RSI and technical momentum remain weak/neutral, hinting at continuation of current range or further downside before recovery.
Possible support/resistance
Immediate support zones: ~$0.42–$0.49 based on historical structure and breakdown levels.
Critical breakout above ~$1.70–$1.80 could signal a larger rally, but this remains distant on current charts.
Fundamental drivers
Successful resolution of the Fetch.ai / Ocean Protocol dispute.
Clarity on tokenomics reforms or burns to reduce supply.
Real-world integrations and ecosystem growth (e.g., DeFi, autonomous agents).
Risks
Ongoing bearish sentiment across crypto macro markets.
Continued breakdowns below key supports if sentiment deteriorates.
Regulatory scrutiny on AI-crypto integrations.
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