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FET Price Under Pressure: RSI Flags Extended Bearish Move Toward $0.966

  • FET is facing strong downward pressure as bearish signals take hold, with the Relative Strength Index (RSI) suggesting further weakness could be on the horizon.
  • On the 4-hour chart, FET has slipped below the 100-day Simple Moving Average (SMA) and the RSI has declined to the 34% level, indicating a potential continuation of the bearish trend.
  • On the daily chart, FET is displaying notable pessimistic movement as it tries to fall below the 100-day SMA, increasing the likelihood of a drop toward the $0.966 support level.
  • The 1-day RSI shows that negative pressure on FET is intensifying as sellers gain dominance, potentially leading to further drops unless buying momentum returns.

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