Fetch.ai Price Faces Crucial Resistance at $2.85 as Whales and Investors Accumulate

Fetch.ai (FET) price is closing in on a crucial resistance level of $2.85. Flipping it into support could push the price towards its all-time high of $3.07.

FET whale addresses holding 1-10 million tokens are accumulating, adding over 21 million FET this month despite some selling.

Retail investors are also accumulating, with over 8 million FET leaving exchanges indicative of investors expecting a price jump.

FET's price stands at $2.83, testing resistance it's failed to breach 3 times this month. Breaking past it would put a new all-time high within reach.

However, FET is close to being overbought which has previously resulted in sharp corrections, so there is risk of the price falling to $2.46 instead.