- The FET can be lowered and fall to $ 0.42 next.
- Lack of purchase pressure meant that the rest time did not show recovery.
Artificial Super Intelligence Alliance (FET) has joined the Altcoin list that has fallen below the 2024 lowest level. In fact, the overall emotions of the market are getting weaker. In the last two weeks, hundreds of millions of dollars have been seen in the encryption market every day.
Sales pressure to lower Bitcoin (BTC) to the $ 92K range has not yet been completely reduced. And investors must be careful. Investors may want to maintain the side if the artificial token token plummeted to the new lowest level every week and the vision is not recovered.
Where does FET display the area floor of the chart?
Source: TradingView’s FET/USDT
The daily period was a strong weakness. The ADX (yellow) and -Di (red) of the direction movement index emphasized the downward trend to 20 or more. The reading of Choppiness Index is 39.92. This meant that the market had a strong direction without even a strong direction.
The command has been backward since mid -December, supporting this discovery. This fall seems to be characterized by continuous sales after the FET. Therefore, it was not an integration stage that accumulated from the holder. According to OBV, the buyer is scattered and scattered.
Source: TradingView’s FET/USDT
The four -hour chart illuminates a lower period of time. It has shown that $ 0.6 support in February has been tested several times. And it eventually went on the first week of March. The level of fibonacci expansion showed that 23.6% of $ 0.482 was rarely opposed to the price.
Therefore, before the FET falls, the FET can resume the $ 0.48- $ 0.52 area with resistance. The 61.8% extension of $ 0.295 will be the next goal. The $ 0.35- $ 0.37 level can also play a role on the way.
Traders can expect to fall to $ 0.5- $ 0.52, $ 0.37 or $ 0.42. If the decline continues, more losses and movements to $ 0.295 can be plausible.
Indemnity Clause: The information presented does not make up financial, investment, transactions, or other types of advice, and is entirely the artist’s opinion.