Fetch.ai price has plunged 6% in the past 24 hours, trading at $3.10 as of 1:15 am Beijing time. Trading volume has dropped 28% to $337 million. Despite the slight drop, FET is still showing a positive trend and is bullish overall. In the past week, the price has risen by 17%, and in the past month it has risen by 83%.
Fetch.ai price maintains bullish momentum
FETUSDT Tradingview Analysis
Fetch.ai price is showing a steady uptrend, breaking out of a consolidation phase, maintaining momentum within a rising wedge pattern.
The price is moving down and is approaching the lower trendline of the wedge pattern which has been providing solid support to the Fetch.ai price.
Technical indicators show a bullish bias, with buyers pushing the price above the 50-day and 200-day Simple Moving Averages (SMAs). Moreover, the moving averages crossed at $0.3094, confirming the overall bullish sentiment on the Fetch.ai price.
Despite the slight dip, the relative strength index (RSI) indicates an overall uptrend, rebounding from 53 to 60. As the momentum increases, we can expect the RSI to move into the overbought zone, indicating strong buying pressure.
The MACD also supports the bullish trend, rebounding from neutral levels and showing a steady rise as the blue moving average crossed the orange signal line. Moreover, the histogram shows a positive outlook with the bars above the neutral level.
Fetch.ai Price Prediction
Currently, Fetch.ai’s price trajectory is at a critical point, with bulls facing resistance at $3.47. If bearish sentiment prevails, the price could face downward pressure towards the $2.91 support area as investors who are bearish on FETs attempt to profit from a potential decline.
However, if the price can continue to rise above $3.47, the bulls will aim for a high of $4.3.
In the meantime, if you missed out on the FET rally, consider turning your attention to the SpongeV2 memecoin, which could bring a 100x return on investment.
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In addition, the platform plans to launch a racing game that will be available in both paid and free versions. In the paid version, SPONGE will be used as in-game points and rewards will be issued in the form of meme coins.
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