🚀$FET /USDT Analysis 🚀:Trading at $1.287. With a 24-hour high of $1.414 and a low of $1.230,

Current Price: $1.287

24-Hour Change: -8.20%

Overview: $FET (Fetch.ai) has experienced a significant decline today, trading at $1.287. With a 24-hour high of $1.414 and a low of $1.230, this movement suggests high volatility.

Volume:

24h Vol (FET): 174.84M

24h Vol (USDT): 231.15M

Technical Indicators:

Moving Average: The recent price action shows the FET price dipping below the moving average (1.309), which could signal further bearish momentum if it doesn't reclaim this level.

RSI(6): Currently at 40.28, indicating a weak but not yet oversold condition. This could suggest potential for more downside unless we see buying strength.

Support & Resistance Levels:

Key support around 1.089

Resistance level to watch: 1.535

Market Sentiment: The bearish trend, combined with a decline of over 8% in the last 24 hours, indicates potential caution for buyers.