Summary
TLDR: Fetch.ai (FET) price reached all-time high, but whale investors selling off their holdings led to price decline. Retail investors are accumulating FET, but intense profit-taking may lead to further price drop. Technical indicators suggest a potential fall below $2.46 support level, unless retail investors provide support to push the price back up.
Key Points
1. Fetch.ai (FET) price progress has reached an all-time high in the past week, making it one of the best-performing assets.
2. Whale holders of FET tokens have been selling off their holdings, leading to a decline in price as supply outweighs demand.
3. Despite whale selling, retail investors are accumulating FET, suggesting optimism in the market but also the potential for a price drop if profit-taking continues.