1. Community optimism: Recent community discussions indicate a strong belief in the potential of FET as a leader in AI agents and Web3 AI, with some investors seeing it as undervalued despite current price movements.
2. Oversold conditions: The relative strength index 6 (25.18) and the relative strength index 12 (28.82) are in an oversold state, with the price below the lower Bollinger band, indicating a potential short-term recovery for FET.
1. Bearish price trend: The price of FET has decreased by approximately 5.4% over the last 24 hours. The short-term exponential moving average (EMA7) is below the medium-term exponential moving average (EMA25) and the long-term exponential moving average (EMA99), indicating a continuing bearish trend.
2. Decreasing momentum: The MACD line (-0.00317) is still below the signal line (-0.00255), and the MACD chart is negative and widening, indicating a continuing bearish momentum in the token's price.
One chart
3. Centralized selling pressure: A large account deposited 10 million FET (1.85 million dollars) on a trading platform and still holds 24.36 million FET, indicating the possibility of further selling by a large holder.
1. Community trends: Recent discussions express a strong long-term conviction in FET's leading role in AI, as it is viewed as undervalued and in a "cleansing phase" before growth.
