Shows the activity of the main holder

The FET price is showing some unusual patterns that may affect its direction in the near term. Recent moves by major owners have drawn attention, raising questions about what's planned next. While some indicators point to potential gains, others suggest caution among large investors.

These conflicting signals are creating uncertainty around the short-term outlook. With the market closely watched, FET's next move could be crucial.

FET Wells are sending paradoxical signals.

Large FET holders have been showing paradoxical signs in recent days. Tracking the actions of coin whales is important because it provides insights into market movements that influence the buying or selling decisions of large investors.

On September 28, there were 69 holders of between 100,000 and 1,000,000 FET tokens, and on September 30, this number had risen to 82, an 18 percent increase in just a few days. However, during the same period, holders of 1,000,000 to 10,000,000 FET tokens dropped from 13 to 10.

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This situation is unusual, because when small and large containers accumulate, the largest owners are reducing their positions, which can indicate a mixed feeling in the market.

For FET prices, this divergence could indicate short-term upside from new buyers, but a retreat by large holders could indicate caution or future selling pressure.

Social dominance is reduced

FET Social Dominance's 7-day moving average declined sharply to 0.123% from 0.336% a day earlier and 0.668% on September 24. This decline is important because social dominance measures a coin's attention and discussion level. Acceptance in terms of the entire market.

A fall in this metric suggests that interest or enthusiasm around the property is fading. Reduced social buzz often coincides with lower buying activity or retail investor enthusiasm, indicating that excitement around FET may be temporarily waning.

However, it is important to note that FET's Social Dominance 7D MA hovered around 0.123% last month as well, but this did not stop the price from climbing in the coming days.

For example, between September 7 and September 12, FET rose from $1.07 to $1.42, indicating that despite low social dominance, price increases are still possible if other factors affect demand.

FET Price Prediction: Could It Reach $1.87 Soon?

According to the cross-currency price chart, FET faces strong resistance at $1.68 and weak resistance at $1.73. If these levels are broken, FET could quickly rise to $1.87, which would result in a 14.7% gain. That could be driven by all the hype surrounding artificial intelligence coins that seem to be on the rise lately.

The price-to-money (in/out) indicator tracks the spread of holdings in their gains (in-the-money) or losses (out-of-the-money) based on entry prices, giving insight into where pressure or buying support might be. came from

It highlights key resistance levels where holders can sell to take profits and support levels where buyers can enter to prevent further declines.

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However, if FET's current trend reverses, there is strong support at $1.58, but if this fails to hold, the price may drop to $1.38, indicating high risk.