- FET tumbles to $0.84, breaking key support as selling pressure dominates.
- Repeated failed recoveries suggest weakness, with lower highs forming a bearish pattern.
- Traders eye the next major support level to see if buyers will step in.
Fetch.ai has taken a major hit, dropping to $0.84 after another wave of sell-offs. Just a few weeks ago, FET was trading above $2.19, riding the AI narrative hype. Now, it’s deep in a downtrend, and there’s no clear sign of a reversal yet. The price action is brutal, with every bounce quickly fading into more losses.
The recent TradingView pattern shows lower highs and lower lows, which is never a great sign for bulls. It suggests that every attempt to push higher is met with strong selling, making it difficult for any real recovery to take place. Unless something shifts, FET could be in for more downside before it finds solid footing.
Volume Spikes, But No Signs of Buyers Taking Control
Even with the drop, FET is still seeing strong trading volume, meaning the market hasn’t lost interest completely. But high volume on a downtrend can mean two things: either traders are panic-selling, or someone is accumulating at these lower levels. So far, the price action leans toward the first option—there’s no clear sign that big buyers are stepping in to stop the bleeding.
The key area to watch now is $0.80-$0.85. If FET can hold this level and start forming a base, there’s a chance it could stabilize. But if it slips below that, the next major support zone sits near $0.70, which could invite another round of selling.
Can Fetch.ai Recover, or Is More Downside Coming?
FET’s recent price action doesn’t inspire much confidence, but that doesn’t mean it’s game over. For a real comeback, the token needs to reclaim at least $1.00 and hold above it. That would show that buyers are finally gaining control, making way for a potential reversal.
On the other hand, if FET can’t get back above that level, it might keep grinding lower. Crypto markets have been shaky lately, and speculative AI-related tokens like Fetch.ai are among the first to feel the pressure when sentiment shifts. Until there’s a clear sign of strength, caution is warranted.
For now, traders are watching closely to see if FET can find a solid floor—or if this downtrend still has more room to go.
