FET Token Faces Sharp Pullback Amid Profit-Taking Pressure

FET has dropped 13.2% over the past week, caught between weakening technical conditions and post-event selling following the ASI:Cloud launch. The chart tells a cautious story—price has slipped below key moving averages while RSI sits around 39, signaling oversold territory paired with bearish MACD divergence.

Support levels matter here: the token broke through the $0.21 mark and now eyes $0.192 as the next floor. The broader narrative? ASI:Cloud remains architecturally sound for long-term believers, but traders clearly opted to lock in gains rather than hold the bags. It's the classic sell-the-news scenario playing out—announcement hype meets reality, and short-term profit-takers move first. Watch whether buyers show up at the next support zone or if further consolidation kicks in.