Altcoin FET Forms a Bearish Pennant on the 4-Hour Price Chart, How Far Will it Fall?

• Altcoin FET forms a bearish pennant on the 4-hour price chart.
• How far will the price of FET fall this month?
• The asset will remain bearish unless it breaks above $0.165.

As several altcoins continue to trade at higher prices, analysts notice that a few altcoins, despite long-term bullish indicators, are currently on a short decline. Will these assets recover, or is a greater dip coming? As the price of BTC and ETH trade below $77,000 and $2,500, respectively, altcoin FET forms a bearish pennant on the 4-hour price chart. How far will FET price fall?

Altcoin FET Forms a Bearish Pennant on the 4-Hour Price Chart

Since the altcoin price pump phase was delayed in the last bull cycle, analysts concluded that altseason was completely missed. Thus, altcoin enthusiasts, analysts,and traders have been growing increasingly eager over an altseason peak phase arriving this year instead. This, in greater part, is due to the 5-year supercycle theory that believed a correction would occur, followed by a bullish revival.

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