Summary
TLDR: Fetch.ai’s price remained stable due to whales preventing major losses, accumulating over $50 million worth of FET. The altcoin has solid support at $2.26 and is currently trading at $2.80. While indicators suggest a potential downtrend, the bullish momentum is still present. Investors should keep an eye on the $2.46 support level to determine future price movements.
Key Points
1. Fetch.ai’s price was saved from major losses by whales who offset bearish cues, limiting the decline to 2%.
2. Whales accumulated over 18 million FET in two days, preventing the price from dropping further and resulting in a bounce back to $2.80.
3. The altcoin has solid support at $2.26, where investors purchased 394 million FET tokens worth over $1.1 billion, indicating a potential bounce back from this level.