FET Price Dives Below $0.13 Amid Intensified Selling Pressure

The price of Artificial Superintelligence Alliance (FET) has dropped below $0.13, marking a 5.82% decline in the last 24 hours due to intensified selling pressure.

This downward trend is part of a broader repricing of AI-linked tokens after earlier speculative demand pushed the sector higher.

Despite FET's ongoing ecosystem development, investors are increasingly requiring stronger evidence of adoption before assigning previous valuations, leading to fundamental bearishness in the token's weak technical structure.

The four-hour RSI sits at 21.23, indicating extreme selling pressure, while the MACD is negative and confirms the downtrend.