FET Price Drops Amid Technical Rejection and Altcoin Weakness

The price of FET (FET) dropped by 3.48% in the last 12 hours due to technical rejection and weakness in the altcoin market.

No major news or events specific to FET were reported, suggesting that the move was driven by short-term trading activity rather than any project-specific catalysts.

The resistance band around $0.193 to $0.195 proved to be a significant challenge for bulls, with FET being rejected on its first test of this level.

In a cautious and selective market environment, where investors are in 'fear' rather than 'greed', the altcoin market cap slipped by 0.69%, while total crypto market cap rose by about 0.43% to roughly $2.17 trillion.