FET/USD Reclaims $0.250 Resistance; More Gains Could Play Out

The Fetch.ai price prediction shows that FET is currently changing hands at $0.276 as the technical indicator moves within the overbought zone.

Fetch.ai Prediction Statistics Data:

• Fetch.ai price now – $0.276
• Fetch.ai market cap – $222.8 million
• Fetch.ai circulating supply – 818.9 million
• Fetch.ai total supply – 1.1 billion
• Fetch.ai Coinmarketcap ranking – #133

FET/USD Market

Key Levels:

Resistance levels: $0.350, $0.370, $0.390

Support levels: $0.180, $0.160, $0.140

FET/USD is currently trading at around $0.276 as the coin faces the upside. Once it manages to surpass the daily high of $0.283, the next target is at $0.300 which it could touch in the next few days. However, a breach of the current market value may send the price straight to around the $0.220 support level. More so, if this level fails to hold strong, the price could slip back below the 9-day moving average.

Fetch.ai Price Prediction: What to Expect from Fetch.ai (FET)

The Fetch.ai price is yet to cross above the upper boundary of the channel. Instead, the bears are trying to force their way back to the downside, but a break below the $0.225 support level may provoke an even deeper decline toward the $0.180, $0.160, and $0.140 support levels. Looking at the Relative Strength Index (14), Fetch.ai may continue to follow an upward trend as the signal line is still moving within the overbought region.

Furthermore, if the bulls gather enough strength and push the market above the upper boundary of the channel, then the price could hit the resistance levels of $0.350, $0.370, and $0.390 respectively. So, further movement above these key resistance levels could therefore increase the buying pressure.

When compares with Bitcoin, the Fetch.ai price continues to trend bullishly as the resistance outweighs the support. Therefore, should in case there is a little retreat, there may be a need for the coin to drop so that it can create additional gains.  At the moment, the coin is trading around 1303 SAT above the moving averages, and traders can expect close resistance at 1600 SAT and above.

For now, there’s no sign of a bearish movement in the market. However, if a bearish move occurs and validates a break significantly below the 9-day and 21-day moving averages, it could hit the support level at 1000 SAT; traders can then confirm a bearish move for the coin. Moreover, the closest support lies at 800 SAT and below as the Relative Strength Index (14) moves within the overbought region, suggesting a more bullish movement.

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