FET is currently trading at $0.2027, reflecting a 3.06% decline over the past 24 hours. The price has fluctuated between $0.2013 and $0.2128 during this period, with a daily range of 0.0115%, indicating low volatility.

The trading volume stands at approximately $46.9 million, contributing to a market cap volatility ratio of 10.02%. This suggests a moderate trading interest, though the price decline indicates that market sentiment is currently bearish.

Technical indicators reveal that FET is trading below all significant moving averages (8 SMA at $0.2087, 13 SMA at $0.2090, etc.), indicating a persistent downtrend. The 1-hour RSI is at 23, signaling oversold conditions, while the 7-day RSI at 45 reflects a neutral stance but trending downward.

In terms of longer-term trends, the price has decreased significantly with a 7-day price change of -15.32%, a 14-day decline of -11.92%, and a 30-day drop of -27.05%. This consistent downward movement points to weakness in market sentiment and indicates potential challenges for a bullish reversal.

The all-time high of $3.45 reached on March 28, 2024, underscores the potential for recovery, but current price levels are significantly below this peak. A rebound from these lows could occur if market conditions improve, but the current indicators suggest further downside may be likely.

Given the current technical setup, weak momentum signals, and overall market sentiment, a Sell rating is recommended. The bearish price action, coupled with oversold conditions, implies that traders should consider exiting positions until a clearer bullish reversal pattern emerges.