Key Insights
- FET price has lost many support levels and dropped by 12% in a day.
- RSI has displayed a death crossover, which might eliminate buyers.
- FET futures open interest declines 19.79%, indicating reduced volatility and less speculative activity.
Fetch.ai (FET) price has continuously fallen since the beginning of 2025. Every time, the FET crypto pulls back and witnesses a decent fall.
In February, the price has remained in the accumulation phase. However, sellers have won the battle in the last week of February and are ready to dominate.
FET Price on the Verge of Another Bearish Rally: What’s Next?
When writing, FET price was trading at $0.662, which has plunged by 11.66% over the past 24 hours. Its market value was $1.58 Billion, and its 24-hour trading volume was $156.59 Million.
Based on the technical chart, the FET crypto seems to have lost the major support zone of $0.75. This might cause fear among buyers, and a decent rally can be anticipated.
The token has slipped below the consolidation zone, which could be a bearish signal. If this scenario attracts sellers, it would trigger a bearish rally.
This bearish rally can halt near another support level of $0.500. Once the price dives below this level, it could be difficult for buyers to bounce back.
On the other hand, if the digital asset price bounces back and enters the accumulation phase, sellers might panic. Strong bullish momentum can be anticipated if the FET price surpasses the 20-day EMA.
Suppose the token holds over the 20-day EMA; it might regain its previous losses. RSI has triggered a bearish crossover with the RSI-based moving average. Most of the technical indicators suggested a bearish trend.
FET Futures Open Interest and Market Activity
Coinglass reports that FET futures trading activity has changed, with a daily volume of 24.14%. At press time, it stood at $99.97 Million.
However, the open interest in cryptocurrencies has decreased by 19.79%, and they are currently trading at $69.22 Million.
In the past, March and December saw a peak in open interest for FET futures above $250 Million. This further indicated high trader activity.
Unless new positions enter the market, the current decline highlighted that speculative interest is waning. It could result in less FET crypto price volatility.
FET Price Analysis Amid Dropped Futures OI
The outlook for Fetch.ai appears bearish. This happened as the FET price has fallen below critical support levels, specifically the $0.75 zone, sparking buyer concerns.
The latest 12% drop in a single day coincided with unfavorable technical indications such as the RSI death crossing. This indicated that sellers may continue to dominate the market.
The significant drop in futures open interest indicated a decline in speculative trading. This contributed to a decrease in market volatility.
FET crypto could face further challenges if it does not recover above the 20-day EMA. This could potentially drop to lower support levels around $0.500.
However, a reversal may occur, and the price could return to the accumulation phase. If this happens, it could trigger renewed buying interest.
Traders should closely watch the market for signs of a potential bounce-back or additional bearish momentum.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
