Artificial Superintelligence Alliance (FET) price faces ongoing selling pressure as bearish sentiment dominates recent sessions. Price continues weakening across timeframes despite higher trading activity. Momentum remains soft, and buyers struggle to regain control, keeping the token vulnerable to further downside unless stronger support and demand emerge soon.
FET Struggles Under Heavy Selling Pressure
Artificial Superintelligence Alliance (FET) has faced renewed selling pressure, showing weakness across recent trading sessions. The token declined nearly 6.77% over the past 24 hours, reflecting short-term profit-taking and fading momentum after recent moves.
On the broader timeframe, FET also remained under pressure, posting an 18.41% weekly decline. Despite intermittent buying attempts, overall sentiment stays cautious as sellers continue to dominate market direction.
According to the CoinMarketCap data, the token is trading at $0.1954 amid rising market participation. The 24-hour trading volume has climbed to $190.31 million, reflecting a 15.07% increase, indicating stronger trading activity across the market.
Meanwhile, the market capitalization stands at $441.02 million, down by 6.75% over the same period. This divergence suggests that while liquidity and activity are increasing, overall valuation pressure is still weighing on short-term momentum.
Also Read: FET Price Analysis: The Price Could Fall Further If $0.20 Support Fails
Price Structure Holds Critical Support Zones
FET price is trading inside a long-term descending channel on the 3-day chart, while recently reclaiming the yellow descending trendline near $0.18–$0.20.
This breakout suggests weakening bearish momentum and possible accumulation. Upside targets shown include $0.25, $0.28, and eventually the $0.50–$0.60 resistance zone ahead, according to crypto analyst Dami-Defi.
The FET price consolidation around higher prices shows an increasing strength of buying pressure amid a prolonged downtrend characterized by lower lows and lows. It will be vital to hold above the level of $0.18 in order to continue the positive trend dynamics.
The key obstacles to further upside are seen at $0.25–$0.28, followed by $0.35, before any larger continuation toward channel resistance develops.
In case of a bearish trajectory, the scenario will develop if FET is unable to withstand the $0.18 resistance level and heads for the substantial support region of around $0.14-$0.16.
A breakout below the bottom side of the falling channel can generate further selling activity. However, with higher lows remaining intact, the probability favors reaching the anticipated upside objective at $0.50-$0.60 eventually.
Momentum Indicators Signal Ongoing Bearish Bias
According to TradingView, the RSI on FET signals weakening bullish sentiment, declining to 38.30 amid a signal mean of 51.83. This move below the halfway mark indicates weak buying pressure and increased bearishness.
Although it is still not in oversold territory, this suggests that investors should remain cautious in the short term.
The MACD indicates that bearish momentum is expected to persist. The MACD line has moved to -0.00144 and is located below the signal line of 0.00056.
The histogram is positioned slightly above -0.00200, indicating that bearish momentum is gaining strength. This is seen from the series of red histogram bars, which indicate that sellers are in control.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Fetch.ai Recovery Gains Strength: FET Price Could Surge to 300% Ahead
