- FET price bounced from $0.34 to $0.59 with a 2.05% loss, on Thursday’s trading session
- The 24 hour volume in Fetch.AI is at $52,895,522 with a 6.77% decrease
- The FET/BTC pair was trading at 0.0000108 BTC with a loss of 2.08%
Source: FET/USD on TradingView
The 4-hour technical chart of FET price forecasts a positive trend. According to pivot points, FET’s critical support level is placed at $0.34. Whereas if it moves up, the key resistance levels to watch are $0.67, $0.72 & $0.87. While diving into the weekly chart of a 4-hour time-frame, it completes an inverted hammer candlestick pattern representing bullish reversal with medium reliability .
EMA- (20,50) acts as another strong support in the coin. EMA-20 (blue) intersects above EMA-50 (purple), which projects a positive trend. The price is sustaining above EMA-20 (blue). Investors may perceive positive crossover in the EMA, and the price will also follow the positive trend.
RSI indicator (BULLISH), with a value of 58, indicates a buy signal in the coin. Moreover, Investors can see a flat slope in the index, and it may surge in future trading sessions.
The volume of (15.50M) is above the Volume MA (7.24M) of 20-days. High buying pressure is required in Fetch.AI to drive its price to higher levels.
Fetch.AI (FET) Price Action Consolidates After Giving A Bounce
FET price traded at $0.59 with a loss of 1.82% in the last 24-hour and 62.95% up in the weekly time-frame. Furthermore, FET bounced back from the support of $0.34. In contrast, the market capitalization stands at $440 million. Technically, investors can perceive a positive crossover in the EMA, and the price is above the EMA-20. RSI index showcases a flat slope. Moreover, the price movement can be towards the resistance of $0.87 in future trading sessions.
Resistance: $0.67, $0.72 & 0.87
Support: $0.34