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- 1 The FET price highlights the bullish sentiments and perspectives regarding the crypto asset in the daily time frame.
- 2 Major indicators like RSI, MACD, and EMA illustrate bullish outlooks regarding the FET price.
The Fetch.ai crypto is doing exceptionally well as its price is resonating with the market leaders Bitcoin (BTC) and Ethereum (ETH) as they experienced a sharp rally, which seems to be stabilizing near the highs after a strong bull run in the current week. The BTC crypto seems to be stabilizing near above $60 K, whereas ETH is trading close to $3500, and whole markets are also resonating with them.
Since then, the crypto has revealed a strong recovery as the price rallied from a crucial level of around $1.0 on the charts, retested the supply level, and struggled in hopes of surpassing the level. Similarly, the FET price seems geared for continuing this colossal surge as it gears up to crack the resistance level and rocket to new elevations from the current zone.
Moreover, the Fetch.ai crypto asset is exhibiting bullish strength and rising capacity as it holds above major 20-day and 50-day EMAs. Depending on the buyers, the price could also drive more for the upside.
Likewise, the FET crypto asset displays bullish behavior as MACD shows a bullish cross in the asset, meaning that the asset is not facing much trouble from resistance, and buyers are still dominant. It signifies it can extend its gains.
With reference to the above, the Fetch.ai crypto is showing possible bullish signs of rally continuation and exhibits that it has the potential to grow further. At press time, the crypto has experienced a slump of 6.05% in the last 24 hours, trading at $1.6283. Also, it has performed well in the past week, month, and quarter by 53.21%, 186.06%, and 190.21% respectively, indicating a solid uptrend.
Furthermore, the trading volume on all major tradeable platforms is 471.09 Million, circulating supply is 831.87 million, and market capitalization is 1.35 Billion.
Therefore, if the demand for the FET price remains at its peak, the asset price could keep bouncing back from the current level. The next goal for the crypto price is to reach $2.0, and in-between primary resistance would be $2.20.
Another possibility would be that if the Fetch.ai crypto price fails to stay above the $1.50 level, it could decline further.
Summary
The FET price highlights the bullish sentiments and perspectives regarding the crypto asset in the daily time frame. The Fetch.ai price action highlights a bullish view at the time of publishing. Fetch.ai is following the market leaders, Bitcoin and Ethereum’s grace. It has recovered from a low point and aims to break new highs. It has bullish indicators and strong performances well. It may reach $2.0 soon, but it could also drop below $1.50, depending on the buyers and sellers.
Moreover, the technical parameters of the Fetch.ai price suggest the continuation of the uptrend, reliant on the buyer’s surge, over the daily time frame chart. Major indicators like RSI, MACD, and EMAs illustrate bullish outlooks regarding the FET price.
Technical Levels
Support Levels: $1.50
Resistance Levels: $2.00
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
