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.