Fetch. ai (FET) has seen a bullish movement of about 8% in the last 24 hours. This rise comes after the token fell down its important support level yesterday. Currently trading at $1. 29 with a 24-hour trading volume of $186,856,986, Fetch. ai has demonstrated a strong Year-to-Date return of +75. 86%. Such a performance is indicative of the long-term positive outlook that investors have for Fetch. ai.
Fetch. ai (FET) Reveals a Good Rebound in the Market
The live Fetch. ai price today is $1. 29 USD, with a 24-hour trading volume of $186,856,986 USD. This is a significant increase of 14 percent. This is a 36% increase over the last 24 hours, which is a clear indication of a strong bounce back. The daily price chart shows that FET has recovered well after touching the support level of $1. 1751. This recovery is supported by the price increasing to $1. 3024, which indicates that there is a bullish outlook in the market.
The MACD shows a bearish trend in the long term, but the price has recently started to rise, and if the trend continues, it will be a reversal. EMA indicates that there is resistance at $1. 6721, $1. 9384, and $1. 9548, which FET needs to overcome to be sure in an upward trend. The Average True Range (ATR) is at 0. 1746 indicates that the price is more volatile, which may be a good sign for trading. If FET continues to rise, it may aim for even higher resistance levels and cement its standing above $1. 30. On the other hand, if the price fails to sustain above the current support level, it may retest the lower levels.
Technically, FET faces immediate resistance at $1. 285. Any successful breach above this level could see the price targeting the next resistance at $1. 855. On the other hand, if the bearish pressure dominates and the price goes below the current support, FET may reach the $1. 00 level once again. The current market trends indicate that FET is in a good place to reap benefits if only it can continue with the upward trend.
Analysts Expect a 50% Fetch. ai Rally
Fetch. ai has been one of the most performing cryptocurrencies of the year 2024 with a year to date return of 748%. Currently, Fetch. ai is on the path to becoming a buying asset and is now within touching distance of the global top 50 ranked cryptocurrencies. According to Crypto Vikings analysts, Fetch. ai will remain on the rise in Q3 and may well hit further 20x multiples in this cycle.
The amount of trading that takes place in Fetch on a daily basis. ai is at $186 million, which is a sign of active market and interest from investors. With FET still in an upward trajectory, a long-term bullish run could push the price to even greater heights. The short-term focus for bulls is $1. 285 resistance level, with the next major resistance at $1. 855. If these levels are breached, Fetch. ai could experience high returns, which makes it a good investment for traders and investors.
