Fetch.ai Price Analysis: FET Up By 5.52%, Time to Buy?


  • FET price flashes signs of bearishness on 7-days price chart.
  • The current trading volume of Fetch.ai is at $134,088,555.00.
  • Current Fetch.ai Price is 2.23 dollars
  • First support level for Fetch.ai is at $0.073.

28 April 2024 : In this article we will walk you through Fetch.ai price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Fetch.ai, Is FET a good investment? Fetch.ai support & resistance levels etc. But before diving deep into the FET technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,376,755,028,230. The total trading volume stands at $53,268,082,754. Bitcoin shares 52.75 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $63,672.48 level after an upward movement of 1.43%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 5.23 percent reaching to $3,319.16 during the previous 24 hours.
While publishing this blog, BNB traded at $603.94, following a price change of 2.73% within the same time frame. SOL the native coin of Solana is up by 3.04 and currently trading at $142.39. 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.

Fetch.ai Support and Resistance

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 Fetch.ai (FET)

FET Resistance Levels FET Support Levels
Resistance Level 1 $0.094 Support Level 1 $0.073
Resistance Level 2 $0.10 Support Level 2 $0.063
Resistance Level 3 $0.12 Support Level 3 $0.052

Fetch.ai Performance

The price of Fetch.ai (FET) is at $2.23, up 5.52% in the past 24-hours and has a price change of -7.57% over the week. One day trading volume for BTC is 134,088,555.00 USD while total marketcap reached $1,895,688,582.00 USD. There are almost 848,351,620 are in circulation out of 1152997575.

Fetch.ai Price Analysis

FET price analysis for 28 April 2024 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 Fetch.ai.

Moving Averages Price Indicator
Simple Moving Average (10) 0.083 Buy
Exponential Moving Average (10) 0.083 Buy
Simple Moving Average (20) 0.082 Buy
Exponential Moving Average (20) 0.082 Buy
Simple Moving Average (50) 0.084 Buy
Exponential Moving Average (50) 0.084 Buy

RSI implying near overbought phase while trading at 61 and is trying to break out of the neutrality zone. While FET’s Williams %R indicator is at -35.392 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. Fetch.ai investors need to wait for any directional change over the daily chart.

Conclusions

FET price is moving in sideways direction. The battle between the bulls and the bears can result in moving the coin price in either direction. However, The investors are waiting for Fetch.ai to make a one directional move to make a good entry in the market.