- FET coin is showing weak development within a short-term downtrend channel. Downtrends indicate negative developments in the cryptocurrency and a decrease in buying interest among investors.
- The cryptocurrency is moving within a rectangular formation with support at $0.19 and resistance at $0.27.
- Today’s Fetch.ai price is $0.222117 USD with a 24-hour trading volume of $16,843,875 USD. Fetch.ai has lost 2.90% in the last 24 hours.
In our updated FET technical analysis, we evaluate the status of the cryptocurrency from short-term, medium-term, and long-term perspectives!
Short-Term FET Analysis
FET coin is showing weak development within a short-term downtrend channel. Downtrends indicate negative developments in the cryptocurrency and a decrease in buying interest among investors. The cryptocurrency reached the $0.24 target after breaking the rectangular formation. The price has currently fallen, but the formation suggests further upward movement. The cryptocurrency is testing the $0.22 support level. This could result in a positive response, but falling below $0.22 would be a negative signal. Positive volume balance shows that on days of rising prices, the volume is higher than on days of falling prices, indicating increased optimism among investors. From a short-term technical perspective, the cryptocurrency is generally considered positive.
Medium-Term FET Analysis
Fetch.AI has overcome the medium to long-term downtrend, initially indicating a slower descent. The cryptocurrency is moving within a rectangular formation with support at $0.19 and resistance at $0.27. A clear break of either of these levels will indicate a new direction for the cryptocurrency. The cryptocurrency is trading between support at $0.18 and resistance at $0.24. A definite break of these levels will predict a new direction. Volume peaks and troughs align well with price peaks and troughs. Positive volume balance also strengthens the cryptocurrency. From a medium-term technical perspective, the cryptocurrency is generally considered slightly negative.
Long-Term FET Analysis
Fetch.AI is in a long-term rising trend channel. This indicates increased optimism among investors and suggests continuous growth. The cryptocurrency is moving within a rectangular formation with support at $0.19 and resistance at $0.27. A clear break of either of these levels will indicate a new direction for the cryptocurrency. The cryptocurrency is approaching the $0.18 support level, which could result in a positive response. However, falling below $0.18 would be a negative signal. Positive volume balance strengthens the cryptocurrency in the short term, with higher volume on days of rising prices and lower volume on days of falling prices. The RSI curve shows an upward trend, supporting the positive trend. From a long-term technical perspective, the cryptocurrency is generally considered positive.
Fetch.ai Price
Today’s Fetch.ai price is $0.222117 USD with a 24-hour trading volume of $16,843,875 USD. Fetch.ai has lost 2.90% in the last 24 hours. Its current CoinMarketCap ranking is 135th, with a live market cap of $180,556,212 USD. It has a circulating supply of 812,887,837 FET coins.
Summary
FET analysis evaluates the status of the cryptocurrency from short-term, medium-term, and long-term perspectives. Short-term analysis indicates that the cryptocurrency is technically positive. Medium-term analysis suggests slight negativity, but long-term analysis indicates that the cryptocurrency is technically positive. Investors should make their decisions based on these analyses and monitor market conditions.
