{"id":627586,"date":"2024-07-03T12:30:25","date_gmt":"2024-07-03T12:30:25","guid":{"rendered":"https:\/\/ktsl888.com\/?p=627586"},"modified":"2024-07-03T10:49:17","modified_gmt":"2024-07-03T10:49:17","slug":"fet-bearish-descent-targets-key-0-966-level-more-dips-ahead","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/fetch-ai-fet\/fet-bearish-descent-targets-key-0-966-level-more-dips-ahead\/","title":{"rendered":"FET Bearish Descent Targets Key $0.966 Level, More Dips Ahead?"},"content":{"rendered":"

Artificial Superintelligence Alliance <\/span>(FET)<\/span><\/a> is experiencing a prolonged bearish trend, pushing its price closer to the critical $0.966 support level. This sustained downward pressure has raised concerns among investors, as the cryptocurrency continues to extend its bearish momentum.\u00a0<\/span><\/p>\n

The $0.966 resistance mark now serves as a significant point of interest, determining whether FET can reverse its current trajectory or continue its descent. Market participants are closely monitoring these developments, analyzing technical indicators and market sentiment to gauge the potential for a rebound or further decline.<\/span><\/p>\n

This article aims to analyze the extended bearish trend affecting the digital asset and its impact on the cryptocurrency’s price as it approaches the $0.966 resistance level.<\/span><\/p>\n

FET’s price was trading at around $1.30 and was down by 3.10% with a market capitalization of over $3 billion and a trading volume of over $99 million as of the time of writing. There has been a 24-hour decrease of 3.28% and 29.79% in FET’s market capitalization and trading volume respectively.<\/span><\/p>\n

FET Price Under Bearish Pressure<\/strong><\/h2>\n

Currently, FET on the 4-hour chart is actively bearish trading below the 100-day Simple Moving Average (SMA) and the bearish trend line, dropping toward the crucial $0.966 resistance mark.<\/span><\/p>\n

\"FET\"
Source: FETUSDT on Tradingview.com<\/figcaption><\/figure>\n

The 4-hour Composite Trend Oscillator also confirms more bearishness for FET as both the signal line and the SMA of the indicator continue to trend inside the oversold zone.<\/span><\/p>\n

On the 1-day chart, it can be observed that <\/span>FET<\/span> is very bearish<\/a> trading below the 100-day SMA and the trend line. Following a rejection at $1.862, the price of FET has been on an extended bearish move heading toward the $0.966 support level.<\/span><\/p>\n

\"FET\"
Source: FETUSDT on Tradingview.com<\/figcaption><\/figure>\n

Lastly, the 1-day composite trend oscillator signals that FET may extend its bearish trend toward the $0.966 support level as the signal line and the SMA are still trending in the oversold zone.<\/span><\/p>\n

Will FET’s Price Breakthrough Or Face A Rejection<\/strong><\/h2>\n

Conclusively, it can be noted that as the price of <\/span>FET<\/span> continues to move toward the $0.966 resistance mark, it may break through its bearishness or face rejection and begin to rise.<\/span><\/p>\n

Therefore, exploring the possible outcomes of the coin, it was discovered that if FET\u2019s price reaches the $0.966 support level and breaks below, it may continue to decline to test the $0.459 level and potentially move on to challenge other lower levels if it breaches the $0.459 level.<\/span><\/p>\n

However, if the crypto asset faces rejection at the $0.966 support level, it will begin to ascend<\/a> toward the $1.862 resistance level. When this level is breached, it may continue to climb to test the $2.564 resistance level and may move on to test other higher levels if it breaches the $2.564 level.<\/span><\/p>\n

\"FET
FET trading at $1.29 on the 1D chart | Source: FETUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from Medium, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Artificial Superintelligence Alliance (FET) is experiencing a prolonged bearish trend, pushing its price closer to the critical $0.966 support level. This sustained downward pressure has raised concerns among investors, as the cryptocurrency continues to extend its bearish momentum.\u00a0 The $0.966 resistance mark now serves as a significant point of interest, determining whether FET can reverse its current trajectory or continue its descent. Market participants are closely monitoring these developments, analyzing technical indicators and market sentiment to gauge the potential for a rebound or further decline. This article aims to analyze the extended bearish trend affecting the digital asset and its impact on the cryptocurrency’s price as it approaches the $0.966 resistance level. FET’s price was trading at around $1.30 and was down by 3.10% with a market capitalization of over $3 billion and a trading volume of over $99 million as of the time of writing. There has been a 24-hour decrease of 3.28% and 29.79% in FET’s market capitalization and trading volume respectively. FET Price Under Bearish Pressure Currently, FET on the 4-hour chart is actively bearish trading below the 100-day Simple Moving Average (SMA) and the bearish trend line, dropping toward the crucial $0.966 resistance mark. The 4-hour Composite Trend Oscillator also confirms more bearishness for FET as both the signal line and the SMA of the indicator continue to trend inside the oversold zone. On the 1-day chart, it can be observed that FET is very bearish trading below the 100-day SMA and the trend line. Following a rejection at $1.862, the price of FET has been on an extended bearish move heading toward the $0.966 support level. Lastly, the 1-day composite trend oscillator signals that FET may extend its bearish trend toward the $0.966 support level as the signal line and the SMA are still trending in the oversold zone. Will FET’s Price Breakthrough Or Face A Rejection Conclusively, it can be noted that as the price of FET continues to move toward the $0.966 resistance mark, it may break through its bearishness or face rejection and begin to rise. Therefore, exploring the possible outcomes of the coin, it was discovered that if FET\u2019s price reaches the $0.966 support level and breaks below, it may continue to decline to test the $0.459 level and potentially move on to challenge other lower levels if it breaches the $0.459 level. However, if the crypto asset faces rejection at the $0.966 support level, it will begin to ascend toward the $1.862 resistance level. When this level is breached, it may continue to climb to test the $2.564 resistance level and may move on to test other higher levels if it breaches the $2.564 level. Featured image from Medium, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":627587,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[87767],"tags":[92689,92579,87565,87768,87769,91599,85676],"class_list":["post-627586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fetch-ai-fet","tag-artificial-superintelligence-alliance","tag-composite-trend-oscillator","tag-fet","tag-fetusd","tag-fetusdt","tag-simple-moving-average","tag-sma"],"acf":[],"yoast_head":"\nFET Bearish Descent Targets Key $0.966 Level, More Dips Ahead?<\/title>\n<meta name=\"description\" content=\"FET is experiencing a prolonged bearish trend, pushing its price closer to the critical $0.966 support level.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/ktsl888.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"FET Bearish Descent Targets Key $0.966 Level, More Dips Ahead?","url":"http:\/\/ktsl888.com\/news\/fetch-ai-fet\/fet-bearish-descent-targets-key-0-966-level-more-dips-ahead\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/fetch-ai-fet\/fet-bearish-descent-targets-key-0-966-level-more-dips-ahead\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/FET-from-Medium.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/FET-from-Medium.png?fit=1366%2C767"},"articleSection":"Fetch AI (FET)","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["artificial superintelligence alliance","composite trend oscillator","fet","fetusd","fetusdt","simple moving average","sma"],"dateCreated":"2024-07-03T12:30:25Z","datePublished":"2024-07-03T12:30:25Z","dateModified":"2024-07-03T12:30:25Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"FET Bearish Descent Targets Key $0.966 Level, More Dips Ahead?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/fetch-ai-fet\\\/fet-bearish-descent-targets-key-0-966-level-more-dips-ahead\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/fetch-ai-fet\\\/fet-bearish-descent-targets-key-0-966-level-more-dips-ahead\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/FET-from-Medium.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/FET-from-Medium.png?fit=1366%2C767\"},\"articleSection\":\"Fetch AI (FET)\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"artificial superintelligence alliance\",\"composite trend oscillator\",\"fet\",\"fetusd\",\"fetusdt\",\"simple moving average\",\"sma\"],\"dateCreated\":\"2024-07-03T12:30:25Z\",\"datePublished\":\"2024-07-03T12:30:25Z\",\"dateModified\":\"2024-07-03T12:30:25Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/FET-from-Medium.png?fit=1366%2C767","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/627586"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=627586"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/627586\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/627587"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=627586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=627586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=627586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}