Summary
TLDR: Fetch.ai (FET) price has been consolidating for over a month, with signs of a possible change in direction. However, investors are pulling back, leading to a decline in network growth and active addresses. The price is likely to continue consolidating, with resistance at $2.85. The RSI indicator is bearish, indicating difficulty in price recovery. Further movement will depend on breaking support at $2.40 or resistance at $2.85.
Key Points
1. Fetch.ai (FET) price has been consolidating for over a month, with signs of a potential change in direction.
2. Investors are pulling back from Fetch.ai, leading to a decline in network growth and active addresses.
3. The price of Fetch.ai remains vulnerable to consolidation or a decline, with the RSI indicator in the bearish zone.