Fetch.ai offers to drop lawsuit if Ocean Protocol returns 286M FET tokens

💡 DMK Insight

FET’s staggering 93% drop post-merger raises serious questions about market confidence. This decline isn’t just a blip; it signals potential underlying issues within the project or broader market sentiment. Traders should consider that such a dramatic fall often leads to panic selling, which can create a self-fulfilling cycle of further declines. The fact that the founder claims it’s unrelated to Ocean Protocol suggests internal factors are at play, which could deter institutional interest. Look for key support levels to emerge, as a failure to hold could trigger more sell-offs. On the flip side, this could also present a buying opportunity for those willing to take on risk. If FET can stabilize and show signs of recovery, it might attract speculative interest. Keep an eye on trading volumes and any upcoming announcements that could shift sentiment. Watch for a potential reversal if it approaches historical support levels, as that could indicate a bottoming pattern.