Fetch Price Prediction for Today, April 13 – FET Technical Analysis

adminApril 14, 2024

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Fetch.ai price prediction shows that FET cannot produce significant growth above its moving average.

Crypto Intelligence: Fetch Is Facing a Recession!

In the ever-changing cryptocurrency landscape, Fetch.ai (FET) is at a crossroads. March 2023 The once shining star that signaled the dawn of artificial intelligence is now navigating uncertain waters, sparking speculation about its future trajectory.

Fetch.ai predictive statistical data:

Current Fetch.ai price – $2.16
Fetch.ai market capitalization – $1.6 billion
Fetch.ai Circulating Supply – 845.9 million
Fetch.ai total supply – 1.1 billion
Fetch.ai CoinMarketCap Ranking – 50th

FET/USD market

Main level:

Resistance levels: $3.60, $3.80, $4.00

Support levels: $0.85, $0.65, $0.45

Fetch Price Prediction for Today, April 13 – FET Technical Analysis — FETUSD – daily chart

FET/USD bulls were unable to push the price up to the channel upper limit due to bearish pressure. The coin traded on the negative side as sellers dominated the market.

Fetch.ai Price Prediction: FET Price May Rise

The Fetch.ai price is hovering around the $2.16 range, but if it breaks above the daily high of $3.0 and reaches the channel cap, the market could rise, which could lead to potential resistance levels of $3.60, $3.80, and $4.00. Meanwhile, if the bears increase selling pressure, FET/USD could move lower, and a break below the lower boundary of the channel could lead to important support levels at $0.85, $0.65 and $0.45.

FET/BTC bearish movement

Looking at the daily chart, it appears that FET/BTC is heading south as the coin has yet to post a huge uptrend. However, buyers can continue to gather momentum, and the coin is likely to see an upward move once bulls return to the market.

Nonetheless, a bullish move towards the upper boundary of the channel could push FET price towards resistance levels above 5000 SAT. Meanwhile, looking below, the Fetch.ai price is likely to cross below the lower limit of the channel if the bears apply pressure, and if it breaks below the current market value, the price could fall to new lows below 1500 SAT.

In the meantime, @AltCryptoGems advised his 418.9k followers on X (formerly Twitter) to be patient as they await the confirmation of $FET within the designated green box. This move could potentially trigger a Power of 3 setup. Given $FET’s status as an AI leader, securing an optimal entry point is top of the agenda.

wait patiently $FET Make sure the Power of 3 settings are applied by making sure you have the OK in the green box.$FET AI is king, so finding good ones should be your top priority. pic.twitter.com/NSUnBNpMaB
— Shuul | AltCryptoGems (@AltCryptoGems) April 13, 2024

Alternatives to Fetch.ai

Fetch.ai price may see an upward trend near the upper border of the trading channel and may face resistance at $3.0 if a bullish market trend prevails. Despite Fetch.ai’s significant valuation of $1.6 billion and its CoinMarketCap ranking of #50, its current size may limit its growth potential. However, the newly introduced $DOGEVERSE token presents an innovative solution for meme creation by leveraging advanced AI technology and user-friendly prompts. Meanwhile, investors may see now as a good time to consider investment opportunities in the token, as pre-sales have already exceeded $3.7 million.

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