Will FET Hit $2 Before The Merger?

Fetch.ai has a market cap of $1.08 Billion and is ranked 69th in the cryptoverse. The volume of the
asset price has observed a gain of 222% in the past 24 hours. The current VM ratio of the FET suggest
a consolidated momentum in the asset price. FET is currently trading near the value of $1.22 with a
drop of 12% in the intraday session.
FET price is currently in a strong nearish downtrend channel. It is trading below the 50 and 100 ema
on the daily chart. The upside trend of FET can see a halt near the value of $1.8 while the support
of the asset price can be seen near $1
The RSI of FET is currently near 23 with a strong negative slope. The overall sentiment of the RSI
is bearish in nature

Trend Analysis

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