Fetch.ai (FET) Investors Pulling Back Amidst Ruins of Expected Rally
Friday, 12 April 2024, 00:01
Why Fetch.ai (FET) May Face a Failed Rally
Fetch.ai's price is stuck in consolidation, awaiting a trigger for a breakout rally. However, the bearish sentiments among investors are hindering any significant positive movement.
Network Growth Decline
- Network growth metrics reflect a decline in traction for Fetch.ai project.
- New active addresses on the network hit a two-month low.
Active Investors' Retreat
- Active investors participating in transactions are dwindling.
- The market's pessimism outweighs the optimism for Fetch.ai.
Price Prediction and RSI
- Fetch.ai's price fails to breach resistance at $2.85.
- RSI below 50.0 signals difficulties in price recovery.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.