Whales Accumulate $50 Million in FET, Helping Prevent Major Price Drop Despite Crypto Selloff

• Fetch.ai's (FET) price only dropped 2% despite major crypto market losses, thanks to whales accumulating over $50 million worth of FET

• Whales helped prevent FET from falling 15%; their 327.81 million FET holdings supported the price

• FET has solid support at $2.26 where $1.1 billion worth was purchased; price bounced off $2.37 to $2.80

• Indicators show downtrend is losing strength but could still bring FET to $2.46 support; losing that would invalidate bullish view

• FET remains above 50-day EMA which is a positive sign, but bearish momentum could still build to push price lower