FET Price Under Pressure: RSI Flags Extended Bearish Move Toward $0.966

Quick Summary:

By examining the current market conditions, key support and resistance levels, and the RSI’s implications, we’ll explore whether the token will likely continue its decline toward the $0.966 target or if a potential reversal could be on the way.  What The RSI Reveals For FET On the 4-hour chart, FET has demonstrated pronounced bearish momentum, slipping below the 100-day Simple Moving Average (SMA) as it approaches the $0.966 mark.

Related Reading: FET On Fire With 27% Rally, Analysts See Bigger Gains Ahead Conversely, if the token manages to hold its position above $0.966, it could indicate a potential reversal, enabling bulls to reclaim some control in the market and driving the price higher toward the $1.86 resistance level and beyond.

Recent declines have pushed FET’s price closer to key support levels, and the RSI’s current reading hints at a continuation of the bearish trend.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: United KingdomNigerNigeria

Topics: Fetch AI (FET) Fet SMA Fetusd Simple Moving Average Relative Strength Index Fetusdt RSI

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-26 @ 02:30:13 (4 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 471 words

Reading Time: 3 minutes read

Sentences: 72 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23246947

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Main Topics: Crypto

Official Website: newsbtc.com

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