Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

Solana Price Analysis: SOL Enters Make or Break Sell Wall 

July 28, 2025

Should You Swap BNB for AVAX? Key Indicator Flashes Avalanche Strength

July 28, 2025

Democratic Lawmakers Raise Concerns Over FHFA Oder

July 28, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

FET Price Set for 20% Fall, Here’s Why

0
By on October 5, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
Share
Facebook Twitter LinkedIn Pinterest Email

The post FET Price Set for 20% Fall, Here’s Why appeared first on Coinpedia Fintech News

It appears that the Artificial Superintelligence Alliance (FET) is poised for a massive price decline as it has formed a bearish price action pattern on a daily time frame. In addition, FET’s on-chain metrics such as future open interest, Long/Short ratio, and liquidation levels are signaling bearish market sentiment and potential price decline.

FET Technical Analysis and Key Levels 

According to expert technical analysis, FET is currently at a crucial support level of ascending trendline and the 200 Exponential Moving Average (EMA) on a daily time frame. If it breaches this support level and closes a daily candle below the $1.32 level, there is a strong possibility that the FET’s price could fall by 20%, reaching the next support at the $1.045 level in the coming days.

Source: Trading View

Apart from this, there is also a possibility of price reversal at the $1.26 level, as this level acts as the golden Fibonacci level, which may provide strong support for the FET token.

Bearish On-Chain Metrics 

This negative outlook is further supported by on-chain metrics. According to the on-chain analytics firm Coinglass, FET’s Long/Short ratio currently stands at 0.91, indicating a strong bearish market sentiment among traders.

Source: Coinglass

Additionally, its future open interest has declined by 2.7% over the past 24 hours and 1.66% over the past four hours. This falling open interest suggests that traders are either liquidating their positions or are hesitant to open new ones.

Currently, 52.35% of top traders hold short positions, while 47.65% hold long positions, indicating that bears are dominating the asset and may drive a price decline in the coming days.

FET’s Current Price Momentum

Currently, FET is trading near 1.38 and has experienced a price decline of over 5.5% in the past 24 hours. During the same period, its trading volume has dropped by 40%, indicating lower participation from traders and investors amid ongoing confusing market sentiment.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Solana Price Analysis: SOL Enters Make or Break Sell Wall 

July 28, 2025

Tron Inc aims for $1B raise to bolster TRX reserves after merger boost

July 28, 2025

Cost Basis Distribution Defines Key Support Level

July 28, 2025
Leave A Reply Cancel Reply

What's New Here!

Solana Price Analysis: SOL Enters Make or Break Sell Wall 

July 28, 2025

Should You Swap BNB for AVAX? Key Indicator Flashes Avalanche Strength

July 28, 2025

Democratic Lawmakers Raise Concerns Over FHFA Oder

July 28, 2025

Tron Inc aims for $1B raise to bolster TRX reserves after merger boost

July 28, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.