@firstcrypto
Artificial Superintelligence Alliance [FET] has been under bearish pressure after dropping by 14% in the last two weeks. This bearish sentiment has prevented a breakout from its descending parallel channel.
FET traded at $1.18 at press time. The altcoin continues to face resistance at $1,34, which is also the upper trendline of the descending channel, amid declining buying interest.
The Relative Strength Index (RSI) stood at 37, indicating high selling pressure. Moreover, the RSI has been making lower lows, pointing towards a strengthening bearish sentiment.
0 reply
0 recast
0 reaction