FET bears have been controlling the token’s price as it has been witnessing major price corrections recently.
FET’s price dropped in double digits last week, but the trend might change if it tests a crucial support level.bears have been controlling the token’s price as it witnessed major price corrections. However, things can change soon if a condition is met. Let’s have a closer look at what’s going on with FET.revealed that FET’s price fell to a massive correction last week as its value dropped by 14%. The bears kept the control in the last 24 hours as well by pushing the token down by more than 8%.
In case of a successful test of the support, investors might witness FET beginning its journey towards $1.5 once again.Since there were chances of FET turning bullish, AMBCrypto checked its on-chain data to find how likely it is for the token to register greens. As per our analysis of Santiment’s data, buying pressure on the token increased substantially in the last few days.
As per our analysis, FET’s whale vs retail delta had a value of 0 at press time. For starters, this indicator ranges from -100 to 100, with 0 representing whales and retail positioned exactly the same.
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