FET/USD experienced serious market struggle on the 14th of August between the buyers and the seller ended in favour of the sellers. The daily trading session on the 14th of August suggests that the buying pressure recovered pushing the price closer to its starting point. Then on the 15th, the following day, buying pressure took the price up, later selling pressure brought the price back down. But the day ended to favour of the buyers since the price did not exceed the opening price. Today we see that the bulls took control of the market. They are taking the price up, at the present, the price of FET/USD is $0.10718410.
FETCH Price Statistic Data
- FET/USD price now:- $0.10718410
- FET/USD market cap:- $80,223,109
- FET/USD circulating supply:- 746,113,681 FET
- FET/USD total supply:- 1,152,997,575 FET
- FET/USD coin market ranking:- #308
Key levels
- Resistance:- $0.095784477, $0.10445612 $0.10718410
- Support:- $0.09935533, $0.09578477, $0.07640176
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Price Prediction: Today’s Market is Bullish
Fetch gains 10.8% on today’s daily chart. Fetch may be resuming its uptrend. The possibilities are high that the price today may close at $0.10864095. The Bollinger band shows several bullish activities. For today bullish activities are trying to break out of the band. The RSI measures market strength at 62.78%. The signal line of the RSI is 60.74%.
The 4-Hour Chart Outlook
The very first trading session was bullish then the following trading session was Bearish. There is the chance that the price may get stuck at the present resistant level. But if the bulls regain their ground, the price may break the resistant level.
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Source: https://insidebitcoins.com/news/price-prediction-for-fet-usd-for-16th-august-bulls-are-dominating-the-market