FET Is Heading Towards $0.11 Level

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Bullish momentum is increasing

Fetch.ai Price Analysis – 09 December

In case the support level of $0.09 holds, buyers may push the price to break up the $0.10 resistance level and it may increase to the potential resistance levels at $0.11, and $0.12. An increase in the sellers’ pressure may push the FET below the support level at $0.09, which may decrease further to $0.07, and $0.06.

Key Levels:

Resistance levels: $0.10, $0.11, $0.12

Support levels: $0.09, $0.07, $0.06

 

FETUSD Long-term Trend: Bullish

Fetch.ai is bullish in the daily chart. Sellers pushed the coin to the low of $0.05 support level on 22 November. The pressure on the sellers is reduced when the buyers’ momentum increases. Strong bullish candles were produced and the price increased. The price is soaring higher by breaking up the resistance level of $0.09. Fetch.ai is trying to break up the resistance level of $0.12.

The price is trading above the 9 periods EMA and 21 periods EMA. On the daily chart, FET/USD remains under the control of the buyers, In case the support level of $0.09 holds, buyers may push the price to break up the $0.10 resistance level and it may increase to the potential resistance levels at $0.11, and $0.12. An increase in the sellers’ pressure may push the price below the support level at $0.09, which may decrease further to $0.07, and $0.06.

 

FETUSD Medium-term Trend: Bullish

On the 4-hour chart, Fetch.ai is bullish. There was a period of price consolidation which took place many days ago within $0.05 and $0.06 levels, bulls gathered more momentum. Buyers pushed the price to break up the resistance level of $0.07, $0.09, and $0.10 Fetch.ai increased with strong momentum from the buyers toward the resistance level of $0.11.

The two EMAs are well separated and the price is soaring higher above the two EMAs indicating a strong bullish movement. Bulls are just propelling FET price to a high level but IMPT is soaring higher every day.

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Source: https://insidebitcoins.com/news/fetch-ai-price-prediction-for-today-09-december-fet-is-heading-towards-0-11-level