The current price of FET stands at $0.160232, reflecting a 24-hour change of -1.6676%. The daily trading range has been relatively narrow, between a high of $0.164286 and a low of $0.155971, indicating limited volatility in the market.

The volume traded in the last 24 hours is approximately 37.3 million, representing 10.19% of its market cap. The hourly moving averages reveal mixed signals, with the 8 SMA showing a decline of 0.98%, while the 13 SMA has increased by 0.05%, suggesting short-term indecision.

The 1-hour RSI is at 54, suggesting neutral momentum, while the 7-day RSI is lower at 43, indicating potential bearish sentiment over a longer timeframe. Price changes over 7, 14, and 30 days reflect a consistent downtrend, with declines of approximately 13.50%, 27.47%, and 42.87% respectively, reinforcing the bearish outlook.

Despite a historical all-time high of $3.45 reached earlier this year, the asset's current performance suggests significant retracement and loss of investor confidence. The combination of declining price momentum and high relative losses may lead to further downside risk.

Given the current technical indicators, including the declining moving averages and bearish RSI trends, a cautious approach is warranted. Therefore, the rating for FET is a Sell, as the asset shows no immediate signs of recovery and appears to be in a sustained downtrend.