This Is How Fetch.ai (FET) Price Could Fall Below $2
For the past month and a half, Fetch.ai’s (FET) price has been affected by mixed market and investor signals.
Investors now seem to be losing confidence in the asset and are likely to move away from altcoins.
Fetch.ai Is Not Fetching Investors Any Gains
Fetch.ai’s price could see bearish momentum build as its investors are making bearish moves at the moment. The first sign of this is visible in the asset’s network growth, which refers to the formation of new addresses on the network.
This is essential in ascertaining whether the project is gaining or losing traction in the market. In the case of FET, network growth has dropped to a seven-month low, suggesting that investors do not see much incentive to transact on the network.
Furthermore, the Market Value to Realized Value (MVRV) ratio also supports a bearish outcome. The MVRV ratio assesses investor profit or loss. Fetch.ai’s 30-day MVRV sits at 12%, signaling profit, potentially prompting selling.
Read More: How Will Artificial Intelligence (AI) Transform Crypto?
Historically, FET corrections occur within the 7% to 30% MVRV range, which is labeled a risk zone. Thus, Fetch.ai’s price could draw a drawdown if investors opt to book profits.
FET Price Prediction: Key Support Close to Invalidation
Fetch.ai’s price, $2.24, is hovering just above support at $2.22. This price point has also been tested as resistance in the past, and sustaining a move above it is key to ensuring a breach of $2.49.
This price level has been breached a few times in the past two months, but the Fetch.ai price has been unsuccessful in closing above it. Given the aforementioned factors, FET could dip to lows of $1.95.
Read More: Top 9 Artificial Intelligence (AI) Cryptocurrencies in 2024
But if the altcoin does manage to bounce back and flip the resistance of $2.49, it could head towards $2.85. This would also invalidate the bearish thesis Fetch.ai’s price is witnessing .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nexchain Raises $1.5 Million in Presale: Is This the Top ICO of 2025?
Nexchain has actual tech, a trustworthy team, a clear plan, and a utility and long-term coin. Its $1.5 million early success is more than hype, it shows that seasoned investors see the possibilities.Nexchain: Best Crypto ICO of 2025Other Major Crypto Presales to Look Out ForFinal Words: Nexchain, the High-Potential ICO to Invest In

Anchorage Digital Buys USDM Issuer Mountain Protocol
Anchorage Digital acquires Mountain Protocol to boost its stablecoin portfolio with regulated USDM.Anchorage Digital Expands with Mountain Protocol AcquisitionWhy This Acquisition MattersA Growing Role in Crypto Banking

$6B USDT Inflows Spark Altcoin Surge
Tether injects $6B into the market, fueling altcoin momentum as Ethereum gains dominance.Altcoin Rally Fueled by USDT InjectionsEthereum Gains, Bitcoin Loses GroundAltcoins Catch the Momentum

Can Unstaked 1000x & Hit Top 30 Market Cap? Analysts Think So – More on Ethereum Insights, Pi Price Surge
Unstaked’s $0.008481 presale could deliver 1000x returns and a top 30 market cap. Get expert insights on Ethereum’s Pectra upgrade and the latest Pi (PI) price surge.Unstaked: The Next MATIC Moment?Ethereum (ETH) Insights: Pectra Upgrade Sparks OptimismPi (PI) Price Surge: Can It Break Out of Consolidation?Wrapping Up

Trending news
MoreCrypto prices
More








