Fetch.ai (FET) Price Could Fall Below $2, Here's Why?
Fetch.ai received no interest from investors
Fetch.ai price could see a further decline as its investors are bearish at the moment. The first sign of this is evident in the asset's network growth, which refers to the formation of new addresses on the network.
This is essential in determining whether the project is gaining or losing traction in the market. In the case of FET, the network's growth rate has dropped to a seven-month low, suggesting that investors do not see much incentive to transact on the network.
FET Price Prediction: Major support is about to be invalidated
Fetch.ai price is hovering just above the $2.22 support level. This level has acted as resistance in the past and sustaining the price above this level is key to ensuring a breach of $2.49.
This price level has been breached a few times in the past two months, but Fetch.ai price has not been successful in closing above it. Given the aforementioned factors, FET could fall to as low as $1.95.
