03 October 2022 : 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 -1.34 percent, bringing the entire cryptocurrency market to $938,674,107,757. The total trading volume stands at $53,771,713,429. Bitcoin shares 39.72 percent of the entrie market while Ethereum has a dominance of 16.12%.
which resulted in Bitcoin's price rising to $19,449.78 level after an upward movement of 1.29%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 1.85 percent reaching to $1,321.44 during the previous 24 hours.
While publishing this blog, BNB traded at $287.58, following a price change of 1.59% within the same time frame. XRP the native coin of XRP is down by -1.56 and currently trading at $0.45. Additionally, Cardano reached $0.43 after seeing a uplift of 0.31% 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||$1.04||Support Level 1||$0.93|
|Resistance Level 2||$1.09||Support Level 2||$0.87|
|Resistance Level 3||$1.15||Support Level 3||$0.82|
The price of Fei USD (FEI) is at $0.98, down -0.76% in the past 24-hours and has a price change of -2.12% over the week. One day trading volume for BTC is 560,786.00 USD while total marketcap reached $415,116,836.00 USD. There are almost 424,996,178 are in circulation out of 426116733.
FEI price analysis for 03 October 2022 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)||0.98||Sell|
|Exponential Moving Average (10)||0.98||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|
While FEI’s Williams %R indicator is at -53.423 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The FEI/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term sell signal as the MACD line is moving below Signal Line Which means bears are dominating in the market. The immediate resistance level for FEI prices is at the psychological mark of $1.04. If everything goes well the coin might try to break above $1.09 mark. Conversely, the broken trend line might bring the price back to $0.93 support level. The Relative strength index (RSI) for FEI Coin is currently hovering at 29 for 14-days average line, which means FEI is in oversold zone and a trend reversal is possible.
As of now, Fei USD is not doing well and is trading in reddish zone. In order to invest in the digital currency, crypto investors want to see the FEI move into the positive zone. In 2022 and beyond, the Fei USD price has a significant likelihood of rising. It's important that you do your own research before making a decision on whether or not this is a smart investment for you.