24 September 2023 : In this article we will walk you through Fei USD price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Fei USD, Is FEI a good investment? Fei USD support & resistance levels etc. But before diving deep into the FEI technical analysis, let us talk about the current market conditions.
Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,055,192,935,020. The total trading volume stands at $14,664,124,939. Bitcoin shares 49.16 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $26,608.51 level after an upward movement of 0.12%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 0.18 percent reaching to $1,595.45 during the previous 24 hours.
While publishing this blog, BNB traded at $210.91, following a price change of 0.03% within the same time frame. XRP the native coin of XRP is down by -0.06 and currently trading at $0.51. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.
Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Fei USD (FEI)
|FEI Resistance Levels||FEI Support Levels|
|Resistance Level 1||$1.05||Support Level 1||$0.94|
|Resistance Level 2||$1.11||Support Level 2||$0.90|
|Resistance Level 3||$1.15||Support Level 3||$0.84|
According to Price Analysis Market Index, Fei USD (FEI) is trading at $0.99 with a trading volume of $1,456,905.00. However,FEI has a price decline of -1.62% in the last 24 hours.FEI price changes 0.06% over the week with a total market capitalization of $419,132,297.00 USD.
FEI price analysis for 24 September 2023 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Fei USD.
|Simple Moving Average (10)||0.99||Sell|
|Exponential Moving Average (10)||0.99||Sell|
|Simple Moving Average (20)||0.99||Sell|
|Exponential Moving Average (20)||0.99||Sell|
|Simple Moving Average (50)||0.99||Sell|
|Exponential Moving Average (50)||0.99||Sell|
The immediate resistance for FEI is found at $1.05, and a breakout from this level could leads towards the next resistance, which can be found at $1.11. On the other hand, if the bear take control and FEI price fails to break out above $1.05, it could fall back towards the crucial support at $0.94. While FEI’s Williams %R indicator is at -66.129 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The MACD line is standing above of the signal line after a positive crossover. Fei USD investors need to wait for any directional change over the daily chart. RSI implying consolidation phase while trading at 45 and is trying to break out of the neutrality zone.
According to the Fei USD (FEI) price analysis, the bears have failed to take the market downwards, and as a result, we are likely to see the continuation of the bullish trend in the coming days.