FET (Fetch.ai) Plummets 96% Since ATH: Capitulation or Technical Rebound?

The token Fetch.ai (FET) , native to the Artificial Superintelligence Alliance (formerly Fetch.ai), has experienced a dramatic drop since its all-time high. After reaching a price of 3.44 USD in March 2024, the token has lost nearly 96% of its value, now trading around 0.14 USD. This sharp decline is accompanied by significant selling pressure, with a daily drop of 3.47%, and a trading volume 41.25% above the monthly average, suggesting substantial distribution. With a market capitalization of 358.36 million USD and a 24-hour volume of 10.90 million USD, FET remains an asset under scrutiny, particularly due to its 60/100 score from CryptoScore Pro. What happened Since its all-time high in March 2024, Fetch.ai (FET) has undergone a major correction, losing 96% of its value to reach approximately 0.14 USD. This decline is part of a broader trend of a 3.47% daily drop, pushing it below all its moving averages (200-day and 50-day). The trading volume, up 41.25% compared to the monthly average, indicates heightened activity, potentially linked to capital movements. FET’s market capitalization stands at 358.36 million USD, while its daily volume reaches 10.90 million USD. No social signals have been detected on platforms like Twitter or Reddit, limiting visibility into community engagement. Why this matters The drop in FET reflects intense selling pressure, with an increased risk of liquidations if technical supports fail. Assets tied to artificial intelligence and economic autonomy, such as FET, are particularly sensitive to market cycles. A break below recent lows could accelerate the decline, while a rebound above the 0.16 USD resistance level could signal a technical reversal. The macroeconomic context, including decisions by the U.S. Federal Reserve or geopolitical tensions, could amplify FET’s volatility. Additionally, the token’s lack of MiCA status adds regulatory uncertainty for European investors. What to watch Technical levels : The key support is at 0.14 USD, while the resistance to watch is at 0.16 USD. A break of these levels could dictate short-term trends. Fed decisions : Monetary tightening could weigh on risk assets, including FET, and exacerbate selling pressure. Volume and distribution : High volume could indicate massive distribution, but also heightened volatility in case of a reversal. Community engagement : The lack of recent activity on social media limits the ability to assess investor interest. Regulatory context : FET’s lack of MiCA status could influence decisions by European investors. Fetch.ai (FET) is currently experiencing a potential capitulation phase, where sellers dominate the market. While the project’s fundamentals remain sound according to CryptoScore Pro, its exposure to market risk and recent volatility make it an asset to watch closely. The coming weeks will be critical to determine whether this drop represents a buying opportunity or a sustained downtrend.