FET has been underperforming, showing a price drop of over 8% in contrast to its AI crypto rivals. Despite being the second-largest AI cryptocurrency by market cap, it leaves its market position vulnerable as competitors display strong momentum.
The decline is notable compared to RNDR and WLD, which saw substantial gains, highlighting FET's struggle to keep up. This underperformance suggests a potential risk to its standing as the second-largest AI coin.
Whale activity has dwindled, with wallet addresses holding large amounts decreasing, impacting price movement. Although there has been slight recovery, it still falls short of early November levels, reflecting lingering caution.
The FET price chart suggests bearish pressure, with a potential "death cross," indicating a possible 16% price correction. However, if momentum shifts positively, FET could gain up to 35%, appealing to investors watching support and resistance levels closely.
![Fetch.AI [FET] Shows Potential for Bullish Momentum Amid Market Recovery and Strategic Developments](https://loutre.blockchair.io/w4/storage/news/ctag.png){kind=small}