FET - 114.75% Drop in 24 Hours Amid Sharp Volatility

On SEP 6 2025, FET experienced a significant decline, dropping by 114.75% within 24 hours to settle at $0.607. This sharp movement follows a 203.05% rise within the preceding week, a 163.13% drop in the last month, and a staggering 5259.43% decline over the past year. The recent price action highlights the coin’s extreme volatility and susceptibility to rapid swings in market sentiment.

The recent sell-off appears to be a continuation of a broader downward trend that has persisted for several months. Analysts have noted that FET has failed to maintain key support levels, leading to a breakdown in its price structure. The coin has been unable to reclaim former resistance-turned-support levels, raising concerns about its near-term outlook. With no apparent catalysts influencing the market, the decline has been attributed to broader risk-off sentiment in the crypto space and a lack of fundamental developments from the FET project.

In the wake of the sharp selloff, traders are closely monitoring technical indicators to identify potential turning points. A key focus is on the 200-day moving average, which remains a critical level for trend determination. The Relative Strength Index (RSI) and MACD have also been used to assess the depth of the bearish move. While the RSI currently reflects oversold conditions, analysts caution that this does not necessarily signal a reversal, especially in the absence of strong volume confirmation.