Cryptocurrency Fetch.ai Decreases More Than 8% Within 24 hours
Portfolio Pulse from Benzinga Insights
Fetch.ai (CRYPTO: FET) has experienced a significant price drop of 8.72% in the past 24 hours, continuing a week-long decline of 25%. Despite the price drop, trading volume has increased by 51% over the past week, while the circulating supply has decreased slightly by 0.58%.
June 17, 2024 | 3:02 pm
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NEGATIVE IMPACT
Fetch.ai (CRYPTO: FET) has seen a sharp decline in its price, dropping 8.72% in the past 24 hours and 25% over the past week. Despite the price drop, trading volume has increased by 51%, indicating heightened trading activity. The circulating supply has decreased slightly by 0.58%.
The significant price drop of Fetch.ai (FET) over the past 24 hours and week indicates a bearish trend. The increase in trading volume suggests heightened market activity, possibly due to investors selling off their holdings. The slight decrease in circulating supply is not enough to counteract the negative price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100