FET price prediction: New lows ahead? Artificial Superintelligence Alliance under sustained selling
Artificial Superintelligence Alliance (FET, formerly FET) is trading at $0.3121, marking a significant daily drop in both absolute and percentage terms. The token remains well below its key moving averages (MA-20 at $0.5048, MA-50 at $0.5805, MA-200 at $0.6609), underscoring persistent selling pressure.
Highlights
- Artificial Superintelligence Alliance (FET) fell to $0.3121, posting its lowest daily close in nearly two years and remaining below all key moving averages.
- FET's sharp decline followed over $650 million in crypto market liquidations amid US-China tariff tensions, intensifying bearish momentum across Bitcoin and altcoins.
- Technical indicators remain decisively negative, with FET likely to consolidate between $0.3026 and $0.3190 and less than 20% probability of a significant rebound.
Record low closes and market liquidations deepen bearish sentiment
FET has come under severe selling pressure after posting its lowest daily close in nearly two years, following extensive crypto market liquidations of over $650 million. This downturn was shaped by heightened US-China tariff tensions, which weighed heavily on Bitcoin and altcoins. Broader market volatility and a continued downtrend reinforce the bearish sentiment in FET.
Persistent bearish momentum as resistance and indicators align
All technical signals remain notably negative, with FET encountering dynamic resistance at the Ichimoku Kijun level of $0.3845 and sustained weakness relative to all major moving averages. The daily MACD is in negative territory, the ADX remains elevated (suggesting a strong trend), and both RSI and Stoch RSI are deep in oversold territory. CCI readings are sharply negative, while BBP confirms that sellers are dominating intraday price action; the downside gap and persistent trading near today’s low reflect ongoing volatility and bearish momentum. There are no bullish divergences present.
Consolidation likely with elevated risk of new lows
FET is most likely to consolidate between $0.3026 and $0.3190 in the short term due to overwhelming selling pressure. Technical indicators suggest further downside risk, with a less than 20% probability of a significant rebound. A sustained break above $0.3190 could open a path toward $0.3845, while a decline below $0.3026 could trigger new multi-month lows.
Last time we reported that technical signals remained negative, with FET trading below all key moving averages and oscillators reflecting downside pressure. Institutional inflows and whale control contrast with ongoing underperformance in the asset.
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