FETCH.AI PRICE ANALYSIS & PREDICTION (March 8) – FET Hits New High After Exploding 450% Monthly, Can It Sustain Momentum?

2024-3-8 14:08

While the past week of trading saw several top meme coins through a big rally, the AI and Data tokens are now gaining traction as Fetch.ai tapped a new high and currently leads the altcoins rally with a 40% surge in the last 24 hours of trading.

FET’s latest bullish rally started in the first week of February after undergoing a correction for six weeks. It found support above the $0.5 level and recovered slowly until the price breakout above the crucial $0.8 level – where it initiated correction last December.

The mid-February breakout triggered a notable rally near the $2 level before facing rejections last weekend. This led to a temporal halt in buying this Monday before dropping suddenly to $1.3 the following day, although it managed to recover speedily to $1.7 that day. 

Meanwhile, that sudden drop technically served as a quick retest of the previous all-time high – ATH, which broke during last month’s surge. 

As seen on the daily chart, it initiated a fresh buy and flipped through last month’s high to $2.5. The bulls mounted pressure and the price further surged to a daily high of $2.86 – a current ATH. 

Looking back to where the price picked up last month, FET has exploded by almost 5x in gains. It has shown no sign of slowing down bullish at the time of writing. 

If Bitcoin’s price continues to consolidate on the weekly, we can expect more trading volume to flow into the AI and Data space in the next few days. As of now, there are no signs of the bears in the market.

FET Key Level To Watch Source: Tradingview

In the latest rally, FET is likely to tap $3. If more buying pressure surfaces in the next few days, the price could reach $3.5 and $4.

The daily support for a drop lies at $2. Lower support levels for deep correction are $1.3 and $0.8, which flipped as resistance last month. 

Key Resistance Levels: $3, $3.5, $4

Key Support Levels: $2, $1.3, $0.8

Spot Price: $2.73 Trend: Bullish Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: kasza/123RF // Image Effects by Colorcinch

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

High Voltage (HVCO) на Currencies.ru

$ 0.0147322 (-0.34%)
Объем 24H $0
Изменеия 24h: 1.48 %, 7d: 3.28 %
Cегодня L: $0.0147322 - H: $0.0147322
Капитализация $22.012k Rank 2124
Доступно / Всего 1.494m HVCO

high trading rally fetch new fet data

high trading → Результатов: 126


Bitcoin Trading Like a ‘High Beta’ But Social Sentiment Remains Subdued

After a somber start of the week, Bitcoin is all set to end it on a higher note. In the late hours of Thursday, the leading digital currency started recovering and went above $10,800. Since then, we have been keeping around $10,700 in the green on the back of just over $1 billion ‘real’ trading […] The post Bitcoin Trading Like a 'High Beta' But Social Sentiment Remains Subdued first appeared on BitcoinExchangeGuide.

2020-9-27 18:45


Uniswap’s UNI Mania Pushes Median ETH Gas Price to a Record 700 Gwei High

Today, popular decentralized exchange (DEX) Uniswap launched its governance token UNI and airdropped it to all those who provided liquidity to the platform before September 1st. UNI is currently the 36th largest cryptocurrency by market cap of $492 million, as per Messari, and is currently trading just under $3, down from its peak of over […] The post Uniswap’s UNI Mania Pushes Median ETH Gas Price to a Record 700 Gwei High first appeared on BitcoinExchangeGuide.

2020-9-17 17:53


Snowflake Shares Exceed 115 Percent Of List Price in Record-Breaking IPO

Big data analysis startup Snowflake has become the most successful software IPO of all time after just one day of trading on the New York Stock Exchange (NYSE). Listed at $120, share prices rose as high as $276 before trading was briefly halted, eventually settling at $258 for a total market valuation of more than […] The post Snowflake Shares Exceed 115 Percent Of List Price in Record-Breaking IPO appeared first on BeInCrypto.

2020-9-17 11:00