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Recently, the Crypto Assets market has experienced significant Fluctuation, and the FET and TAO projects have attracted widespread follow from investors.
From a technical perspective, FET is currently facing a key support level of $0.63. If it falls below this level, it may form what is known as a 'dead cat bounce' pattern, which means a brief rebound followed by continued decline. Considering the significant increase of FET from $0.03 to $3 previously, the current pullback is also understandable. However, overly pessimistic expectations may not be appropriate, as the market often undergoes unexpected changes.
In comparison, TAO seems to have completed a short-term upward cycle. From the chart, it may have gone through a typical five-wave upward structure. According to technical analysis theory, a certain degree of correction usually follows in such cases. However, it is worth noting that this correction is necessary for the long-term health of the market trend and can be seen as a way to build strength in preparation for future increases.
Overall, the current market may be in a transitional phase from bull to bear. For ordinary investors, blindly chasing highs is clearly unwise. Instead, maintaining patience and waiting for the market sentiment to cool down may bring better entry opportunities in the future. Especially in AI-related projects, new investment opportunities may arise next year.
However, we must also be wary of excessive pessimism. The market is always full of uncertainty, and being overly bearish or bullish can bring risks. Rational analysis and risk control are the wise paths to investment. In this rapidly changing Crypto Assets market, staying clear-headed and calm is more important than blindly following.