FET/USD Price Survives Above $0.0687

Synthex Price Prediction for Today, December 6: SNX/USD Faces the Rejection of the $2.00 Level  
Synthex Price Prediction for Today, December 6: SNX/USD Faces the Rejection of the $2.00 Level  

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Fetch.ai Price Prediction for Today, December 6: FET/USD Price Survives Above $0.0687

On November 22, the bullish price skyrocketed to $0.08 price. However, the $0.0687 is a stronghold for the Fetch.ai bears; therefore, the bullish price was cut short to around $0.0638 – a lower resistance level. Sellers increase pressure on the market, but the support level remains strong and unmovable above the moving average . Today’s bullish market is a continuation of the price breakout of the last daily trading session which brought the price to $0.0687

Fetch.ai Market Price Statistic:

  • FET/USD price now: $0.0716
  • FET/USD market cap: 52,317,365
  • FET/USD circulating supply:746,113,681.00
  • FET/USD total supply:1,151,441,226
  • FET/USD coin market ranking: #331

Key Levels

  • Resistance: $0.08, $0.09, $0.10
  • Support: $0.06, $0.05, $0.04

Fetch.ai Market Price Analysis: The Indicators’ Point of View

The way the Bollinger indicator illustrates the price breakout suggests that the sellers may respond to this bullish price movement in the next session. The upper band and lower band diverge as an indication of increasing volatility. Strong bearish activities are also obvious in today’s market as buyers now just have less than half the bullish price to hold on to. Keeping the support price above $0.0687 is important for bulls.

Fetch.ai Price Prediction for Today, December 6: FET/USD Price Survives Above $0.0687

FET/USD 4-Hour Chart Outlook

In the third session, the bears take of control the market. And the bulls might eventually lose out completely if the strong bearish moves continue. Due to the level of volatility, the tide can still turn in favour of the seller. Bulls need to conserve the price and establish a support level at this point to stabilize the market above the major resistance level.

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Source: https://insidebitcoins.com/news/fetch-ai-price-prediction-for-today-december-6-fet-usd-price-survives-above-0-0687