Analyzing FET’s trajectory: Sellers maintain dominance – Is the next target $0.20?

Fetch.ai (FET) is dealing with bearish sentiment as exchange reserves have plummeted from 300 million USD to 113.9 million USD. This drop indicates reduced liquidity as traders pull back, leading to a short position dominance of 54.74%.

FET has fallen 13% in the last 24 hours, currently trading around 0.229 USD. The outlook remains bleak, as technical signals offer no clear signs of reversal. If the bearish trend continues, FET may test support at 0.20 USD.