Traders are advised to proceed with caution when making trades in the market. The decline in trading volume reflects the negative market sentiment for the FET token.įurthermore, the RSI is increasing in the oversold zone and might show a positive crossover, which indicates weakness in the current bearish phase. Conclusionįetch.ai’s price prediction suggests that it is currently in a downtrend after testing the primary resistance of $0.488. The MACD and the signal line are intersecting but were stranded over the daily chart, which does not provide any evidence supporting the RSI claims. The current value of RSI is 44.82, which is above the average RSI value of 49.77. This shows the weakness of the current bearish trend. The Relative Strength Index (RSI) is increasing in the oversold zone and might show a positive crossover, wherein the buyers are in the majority and pushing FET upwards. After falling to primary support of $0.354 due to the heavy selling pressure in the market, the FET price began strengthening between the primary support and resistance.īut, the formation of the spinning top candlestick pattern after an uptrend near its primary resistance may be the cause of the current downturn, as can be seen over the daily time frame chart.

However, after reaching its secondary resistance of $0.597, sellers became active in the market again and pushed the FET price below its primary resistance. The FET price was on an upward movement, from the start of 2023, breaking its primary and secondary support and primary resistance on its way up. Since the start of 2023, the FET price was seeking stability after escaping the bear’s claws in 2022. The FET/BTC pair was trading at 0.0000133 BTC with a rise of 0.37% over the intraday trading session.įetch.ai’s price prediction suggests that it is on a downtrend after testing the primary resistance of $0.488. The current Fetch.ai price is above the 50 and 100-Day EMAs.The 24-hour low for FET was $0.3583 and the 24-hour high was $0.3772.Fetch.ai is currently trading at $0.3683 (press time) with an increase of 1.25% during the intraday trading session.

Fetch ai price prediction