The Artificial Superintelligence Alliance (FET) token is facing significant struggles as it continues to experience a steady decline in price. With bearish market trends and growing selling pressure, FET holders are left wondering whether the worst is over or if further losses are imminent.

Bearish Market Trends:

- FET is entrenched in a strong bearish trend, with indicators like the Directional Movement Index (DMI) signaling a lack of buying momentum.
- The Choppiness Index of 39.92 suggests reduced market fluctuations but a strong downward movement.
- On-Balance Volume (OBV) continues to trend downward, highlighting dominant selling pressure since mid-December.

Loss of Key Support:

- FET lost the crucial $0.60 support level in early March, intensifying its price decline.
- Fibonacci extensions point to a potential resistance zone around $0.48-$0.52 but don’t signal a recovery yet.

Looking for Support:

- The next critical support range for FET lies between $0.37-$0.42. A failure to hold here could lead to a significant drop toward $0.295.
- If FET reaches $0.295, it could mark the final bottom before any potential stabilization or reversal.

Uncertain Market for Investors:

- The current environment remains risky for FET investors, with no signs of immediate recovery.
- Investors should remain cautious as the market sentiment continues to favor sellers, and further price declines are likely before any stabilization.

With bearish indicators and limited buying interest, FET faces a rough road ahead. Investors should be prepared for further declines, with $0.295 potentially marking the final support before any hope for a market reversal. Caution is key in this uncertain environment.
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