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Fetch.AI (FET), we will analyze past price movements through price analysis, graphs, and technical indicators. We will determine support and resistance levels and guide investors on buying and selling decision guidance.
Fetch.AI (FET) managed to attract attention with an approximately 40% increase since last Saturday. FET, a leading name among the favorite artificial intelligence coins of recent times, started the week with an approximately 15% rise.
Don’t forget to check out our article where we examine all the details you’re curious about FET!
FET, in recent days, with the rise of Bitcoin, it has broken the downtrend it has been following since February and started an upward movement. With the breakout, it reached the important resistance point and simultaneously the S&R Flip area of $0.55-$0.60, collecting the liquidity it left in the downtrend.
The fact that the price has reached an important resistance region and it is possible to say that a correction movement can be expected based on the negative divergence in the RSI. The initial target area of the correction is the lower support at $0.48 level.
If the volume inflow continues and it can break the resistance it is in, we might observe a move to the upper resistance region of $1.
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