Fetch.ai Price Pulls Back From All-Time High as Whales Take Profits, But Retail Buying Could Spark Consolidation

• Fetch.ai (FET) price hit an all-time high this week but has since pulled back as whales took profits

• Over 9 million FET worth $24.3 million was sold by large wallet holders amidst the rally

• However, retail investors seem to be accumulating as exchange supplies fell by 11 million FET

• Further decline seems likely as technical indicators reflect bearish conditions

• Support around $2.46 could lead to consolidation if buying resumes, otherwise a drop to $2 is possible