FET Price Rallies 25%, But Uptrend Faces Strong Bearish Pattern

BE[IN]CRYPTO01-07

FET gained 25% this week, but the Price DAA Divergence signals a sell as rising prices diverge from declining network activity. The Average Directional Index suggests weakened downtrend momentum, but ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFET Price Rallies 25%, But Uptrend Faces Strong Bearish Pattern\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-07 01:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/fet-price-rallies-but-faces-selling/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FET gained 25% this week, but the Price DAA Divergence signals a sell as rising prices diverge from declining network activity.\nThe Average Directional Index suggests weakened downtrend momentum, but ...</p>\n\n<a href=\"https://beincrypto.com/fet-price-rallies-but-faces-selling/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FET","symbol_name":"Forum Energy Technologies","start_time":0,"source_url":"https://beincrypto.com/fet-price-rallies-but-faces-selling/","article_id":"2501226316","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2023/05/bic_Fetch_AI_positive_cubes_blind-850x478.jpg.optimal.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501226316","pubTimestamp":1736182800,"columns":[],"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"FET gained 25% this week, but the Price DAA Divergence signals a sell as rising prices diverge from declining network activity.The Average Directional Index suggests weakened downtrend momentum, but FET needs sustained strength to avoid further corrections.FET risks a drop below $1.19, confirming a bearish head-and-shoulders pattern; flipping $1.71 into support could target $1.95 or $2.00.Artificial Superintelligence Alliance  has displayed a recovering price pattern on its chart, posting a 25% gain this week. While the uptick might seem encouraging, underlying bearish cues suggest the cryptocurrency could be preparing for a significant drawdown.To further concern the investors is the formation of a key bearish pattern that could determine losses for FET holders.The Price DAA Divergence is currently flashing a sell signal for FET, raising concerns about sustainability. Rising prices are diverging from the network’s declining activity, creating a dissonance that often leads to correctio","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FET":"Forum Energy Technologies","BK4179":"石油天然气设备与服务","ADX":"亚当斯快递","PEGI":"Pattern Energy Group Inc."},"translate_title":"FET价格上涨25%，但上升趋势面临强烈看跌模式","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ADX":1,"FET":1,"PEGI":1},"content_text":"FET gained 25% this week, but the Price DAA Divergence signals a sell as rising prices diverge from declining network activity.\nThe Average Directional Index suggests weakened downtrend momentum, but FET needs sustained strength to avoid further corrections.\nFET risks a drop below $1.19, confirming a bearish head-and-shoulders pattern; flipping $1.71 into support could target $1.95 or $2.00.\n\nArtificial Superintelligence Alliance (FET) has displayed a recovering price pattern on its chart, posting a 25% gain this week. While the uptick might seem encouraging, underlying bearish cues suggest the cryptocurrency could be preparing for a significant drawdown.\nTo further concern the investors is the formation of a key bearish pattern that could determine losses for FET holders.\nFET Investors Face Selling\nThe Price DAA Divergence is currently flashing a sell signal for FET, raising concerns about sustainability. Rising prices are diverging from the network’s declining activity, creating a dissonance that often leads to corrections. Historically, similar scenarios have prompted price drops, potentially redirecting investor optimism.\nThe divergence suggests that despite the recent gains, FET’s bullish sentiment may be short-lived. To align the price with on-chain activity, a correction seems imminent. This pattern reflects a broader trend of markets recalibrating when prices outpace organic network growth.\nFET Price DAA Divergence. Source: Santiment\nFET’s macro momentum, analyzed through the Average Directional Index (ADX), offers a nuanced picture. The ADX currently lies below the neutral threshold, signaling the prior downtrend has weakened, possibly ending. This development suggests FET may transition into a more stable phase.\nInterestingly, if the ADX begins to rise again, it would indicate a strengthening uptrend. This dynamic highlights the importance of sustained momentum in pushing FET toward its next resistance levels, offering hope to investors anticipating further growth.\nFET ADX. Source: TradingView\nFET Price Prediction: Escaping The Pattern\nFET’s price is teetering on the edge of forming a bearish head-and-shoulders pattern, a warning sign for potential losses. A drop below the $1.19 support level would confirm the pattern, potentially triggering a significant decline.\nDespite these bearish signals, mixed factors suggest FET might still hold above $1.40, even if it struggles to breach $1.71. This support level could act as a buffer against further losses, providing some relief to investors.\nFET Price Analysis. Source: TradingView\nShould FET flip the $1.71 resistance into a support level, it could rally to $1.95 and even $2.00. This move would invalidate the bearish outlook and strengthen the uptrend, offering an optimistic scenario for the altcoin’s future.\n\n\n\n\nBest crypto platforms in Europe | January 2025\n\n\n\nWirex\nExplore\n                      \n\n\n\n\n\nYouHodler\nExplore\n                      \n\n\n\n\n\neToro\nExplore\n                      \n\n\n\n\n\nPhemex\nExplore\n                      \n\n\n\n\n\nMargex\nExplore\n                      \n\n\n\n\n\n\n\n\nBest crypto platforms in Europe | January 2025\n\n\nWirex\n\n\n\n\n\n\n\n\nYouHodler\n\n\n\n\n\n\n\n\neToro\n\n\n\n\n\n\n\n\nPhemex\n\n\n\n\n\n\n\n\nMargex","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2501226316"}