News View Non-AMP

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

Published by
Zameer Attar

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.

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.

Zameer Attar

Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.

Recent Posts

Top Cryptos to Buy: Analyst Tips Dogecoin (DOGE) and This $0.03 DeFi Token for Massive Gains in 2025

As the market starts showing signs of life, analysts are doubling down on two different…

July 2, 2025

Pi Network Mining Rate Jumps 0.93% – 4 Ways to Maximize Your Pi Earnings

Good news for the Pi network miner as the base mining rate has just gone…

July 2, 2025

Ethereum Price Prediction: Analysts Expect $10K ETH By 2026 As Smart Money Funnels Into Remittix

ETH Price Prediction has become a hot topic after analysts forecast a $10,000 milestone by…

July 2, 2025

Ethereum Price Prediction: Staking Boom Could Push ETH To $6,000 But Remittix May Deliver Bigger Returns

Over 35.2 million ETH nearly 30% of supply is now locked in staking contracts, shrinking…

July 2, 2025

XRP Holds Firm While Meerkat (MERK) Gains Speed Inside Telegram

XRP is holding its ground, weathering market turbulence with resilience. It remains one of the…

July 2, 2025

Investing for Growth? Neo Pepe Coin ($NEOP) Identified as 2025’s Best Crypto Meme Coin Opportunities

Market Shift Sees New Presale Stars Rising As the crypto landscape stabilizes heading into mid-2025,…

July 2, 2025