FET Forms Bearish Pennant as BTC and ETH Dip Below Key Levels
Artificial Superintelligence Alliance (FET)
Cryptocurrency.com.tr reports that altcoin FET has formed a bearish pennant on its 4-hour price chart while Bitcoin and Ethereum trade below $77,000 and $2,500 respectively. Despite long-term bullish indicators, the asset is currently experiencing a short-term decline amid a delayed pump phase from the last bull cycle. Analysts suggest that altseason was completely missed previously, leading to growing eagerness for an altseason peak phase to arrive this year. This optimism is largely driven by the 5-year supercycle theory, which predicts a correction followed by a bullish revival.
How the market reacted
Whalio's own Binance spot order flow for FET, measured when this story was written up on 15 September 2026. Not the outlet's figures.
FET is currently trading at $0.1630 with a 1-hour buy ratio of 52.0%, indicating slightly more buying than selling pressure in the immediate short term. However, this momentum fades over longer periods, as the 4-hour buy ratio drops to 45.9% and the 24-hour ratio sits at 47.8%. The volume delta reflects this divergence, showing a positive $21,752 in the last hour but a negative $189,144 over the past four hours. Over the last day, cumulative volume delta is -$395,669, and the cumulative volume delta (CVD) closed at -$501,855, signaling that net selling pressure has outweighed buying pressure significantly. Net buying occurred for only 6 of the last 24 hours, confirming that sellers are currently in control of the flow.
The latest daily buy ratio of 49.2% sits at the 58th percentile of the last 322 days, against a median of 48.7% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for FET, averaged over the days leading up to the story.
Over the preceding week, FET experienced a price change of -11.0% with a total volume delta of -$2,466,013. The 7-day average buy ratio was 48.6%, and the latest day's ratio was 0.8 points lower than this average. Trading volume was measured at 0.80x the average, indicating lighter activity than usual. Net buying was recorded for only 2 of the 7 days, suggesting that this is an unusual period of sustained selling pressure compared to the coin's typical behavior.