Whales Are Buying FET Like It’s Black Friday After a 34% Price Crash! 🐋💸

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So, the Artificial Superintelligence Alliance (FET) just took a nosedive—34% to be exact. It’s like watching your favorite reality show get canceled after a cliffhanger. This crash is the biggest since… well, since the last time we all collectively gasped at our investment portfolios.

While the average investor is crying into their coffee, the whales are swimming around like they just found a treasure chest. Apparently, they see a bargain in this market chaos. Who knew that losing money could be so profitable for some? 🐳💰

FET Investors Are Shaking in Their Boots

Realized losses for FET holders are at an all-time high. It’s like a sad episode of “The Biggest Loser,” but instead of weight, it’s wallets that are shrinking. Many investors decided to sell off their holdings earlier this week, probably while muttering, “I can’t take this anymore!” The market sentiment? Let’s just say it’s as cheerful as a rainy Monday morning.

Retail investors are now about as decisive as a cat in a room full of rocking chairs. They’re hesitant to make any moves, reflecting the overall pessimism that’s thicker than a New York bagel.

This sell-off has made everyone more cautious than a toddler near a cactus. Traders are sitting on their hands, too scared to make a move, fearing they might lose even more. It’s like watching a game of musical chairs where everyone is too afraid to sit down.

But wait! Despite the doom and gloom, the whales are partying like it’s 1999. Addresses holding between 1 million and 100 million FET have added about 92 million FET to their stash over the past week. That’s a whopping $70.8 million! It’s like they’re saying, “Buy low, sell high,” while the rest of us are just trying to figure out how to buy low without crying.

This whale accumulation is a beacon of hope in this stormy sea of despair. Whales are like the wise old sages of the market, and their buying spree during a price drop might just mean they believe in FET’s long-term potential. Or maybe they just really like the color blue. Who knows? 🤷‍♀️

FET Price Prediction: Is It Bouncing Back or Just Bouncing Off the Walls?

FET’s price just broke through the key support level of $1.19 and is now lounging at $0.77. This decline confirms the head and shoulder pattern, which is not just a hairstyle but also a prediction of a 43.6% drop to $0.73. It’s like the market is throwing a tantrum, and we’re all just watching in horror.

Right now, FET is clinging to the support of $0.76 like a lifeguard at a kiddie pool. If it can hold on, there’s a chance for a recovery. But for that to happen, FET needs to flip $1.04 into support. It’s like trying to flip a pancake—if you don’t get it right, it’s going to be a messy situation.

On the flip side, if FET loses the $0.76 support level, it could plummet further. The next stop could be $0.73, and if it goes below that, we might as well start planning a funeral for our investments. The price could drop to $0.64, which would be like throwing a party for pessimism. 🎉

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2025-02-04 16:16