Fetch.ai (FET) has been a notable player in the AI and blockchain space, creating an ecosystem for autonomous digital interactions powered by AI.
Price is Approaching Support, which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken.
For on-demand analysis of any cryptocurrency, join our Telegram channel.
Fetch Crypto Price Analysis
Latest Price: $1.16 USD
Market Cap: $2.93 billion
24-hour Trading Volume: $121.16 million
Circulating Supply: 2.52 billion FET
Total Supply: 2.63 billion FET
Year-to-Date (YTD) Return: 55.09%
Img src- Altfins
Following a bullish breakout from Falling Wedge pattern, price got rejected near resistance at $1.80, which also lines up with 200-day moving average.
We would be buyers on pullback to $1.10 support, which could be another swing trade entry opportunity with +30% upside potential to $1.50. Stop Loss at $0.96.
Weekly Price Analysis
In the last week, FET’s price has fluctuated within the range of $1.09 and $1.17.
Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down, Long-term trend is Down.
Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently.
Support and Resistance: Nearest Support Zone is $1.10, then $0.75. Nearest Resistance Zone is $1.50, then $1.80.
Indicators and Trends
Moving Averages: FET currently trades above its 50-day moving average.
Relative Strength Index (RSI): The RSI sits just below overbought levels.
MACD: The MACD trend remains positive.
News Roundup
Partnerships: Fetch.ai recently announced collaborations with large enterprises, positioning it as a significant player in industrial applications, especially in Web3 projects focused on data sharing and automated decision-making.
Platform Developments: The launch of new tools and updates on their “DabbaFlow” platform for data management continues to expand Fetch.ai’s utility.
For on-demand analysis of any cryptocurrency, join our Telegram channel.
