2025-12-22 04:22:50

FET Token Faces Sharp Pullback Amid Profit-Taking Pressure

FET has dropped 13.2% over the past week, caught between weakening technical conditions and post-event selling following the ASI:Cloud launch. The chart tells a cautious story—price has slipped below key moving averages while RSI sits around 39, signaling oversold territory paired with bearish MACD divergence.

Support levels matter here: the token broke through the $0.21 mark and now eyes $0.192 as the next floor. The broader narrative? ASI:Cloud remains architecturally sound for long-term believers, but traders clearly opted to lock in gains rather than hold the bags. It's the classic sell-the-news scenario playing out—announcement hype meets reality, and short-term profit-takers move first. Watch whether buyers show up at the next support zone or if further consolidation kicks in.

FET-2.1%

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GasWaster

· 3h ago

ngl this RSI 39 oversold bounce is exactly when i'd wanna accumulate but my gas fees just raped my cost-basis... missed the optimal window again smh

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WealthCoffee

· 10h ago

It's the same old trick again, sell-off when there's positive news... This time FET couldn't escape either.

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BearMarketSurvivor

· 12-22 14:01

It's this trap again; right after the press conference, there's dumping. RSI at 39 is indeed oversold, but I've learned a lesson before - the bottom often looks the deepest when it's actually the true bottom. Whether 0.192 can hold depends on the strength of the subsequent buying pressure; any rebound without a supply line is just a bull trap.

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AirdropHunterWang