FET price is currently consolidating below the $0.90 level, making it difficult for the altcoin to recover. However, the MVRV ratio suggests that FET is currently in the opportunity accumulation zone and potential buying momentum could be building. Subdued selling among investors could trigger a possible rally.

FET Price Forecast and Expectations for Increase

When making a price prediction for FET, a bullish trigger for recovery should be expected. This could mean that investors who suffered losses can turn the situation to their advantage.

Investors' Selling Tendencies

The FET price is showing an optimistic outlook despite the current negative market conditions. When looking at the profitability of investors, it is seen that most of them are losing money. Only 4% of those trading on the network are making profits, which is increasing the selling trend and putting pressure on the price. However, a dominance rate of 25% is usually seen as a bearish signal, but this is not the case with FET. This suggests that investors may be looking at a more positive direction.

MVRV Ratio and Accumulation Signals

The MVRV ratio evaluates investor profits and losses. FET’s 30-day MVRV is currently at -16%, which could signal losses and possible buying pressure. Historical data shows that FET’s MVRV ratio between -10% and -25% often signals the beginning of rallies, and these levels present an accumulation opportunity.

Support and Resistance Levels

FET price has been consolidating below the $0.90 resistance for the past week and is currently trading at $0.84. The altcoin has bounced off the $0.76 support, preventing multiple potential declines. The signals mentioned above suggest that FET could break above this resistance and rally to $1.00 and above. This could see FET reclaim the $1.40 level as support.

However, if this attempt fails, FET could remain below $1.00, potentially continuing the sideways momentum. In such a case, the bullish thesis would be invalidated and investors could continue to hold on to their profits.

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