FET Faces Potential 10% Drop Amid Bearish Momentum

2026-04-01 06:06

FET, the token of Artificial Superintelligence Alliance, has fallen over 8% and is trading near $0.229, a critical level for the asset. Analysts suggest that if FET fails to maintain support at $0.2270, it could decline by another 10% to $0.20. The token's price action shows a descending triangle pattern, indicating a possible breakdown. Market data from CoinGlass reveals strong interest from traders around $0.224 and $0.238, with $294K in long-leveraged positions and $794K in short-leveraged positions, suggesting bearish dominance. Despite this, Nansen data shows the top 100 wallet addresses have increased their FET holdings by 2.04% over the past week, indicating potential accumulation by long-term holders.

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