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FETUSD trade ideas

Fetch.AI (FET)Fetch.AI (FET) Fetch.AI is pioneering an open-access, decentralized network for machine learning powered by artificial intelligence. It offers a crypto economy where secure data can be accessed without permissions, enabling the use of autonomous AI agents to perform tasks across its extensive data network. Moreover, the daily chart reveals a breakout of a trendline resistance followed by a retest. On the higher side, if the bulls are able to surpass the recent supply of $2.6 level it may indicate the completion of a retest and the crypto may head to conquer the annual high of $3.4 level. However, any closing below the 50 day Exponential moving average and $2.25 level may invalidate the breakout and the correction may prevail again.
CRYPTO:FETUSDLong
by Ritika_TCR
Can Fetch.ai (FET) Crypto Conquer $5 Amid The Markets Rebound?Can Fetch.ai (FET) Crypto Conquer $5 Amid The Markets Rebound? The social dominance curve has experienced a rapid ascent, signaling the growing prominence of Fetch.ai in the cryptocurrency sphere. On the daily chart, an intriguing pattern has emerged, and a breakout from this formation could potentially catalyze a substantial surge in price. The broader market experienced a turnaround following the release of the U.S. Consumer Price Index data, which showed a decline in inflation rates, invigorating investor sentiment. Bitcoin ETFs recorded a significant influx, contributing to Bitcoin's impressive 7.50% leap, propelling it past the $65,000 mark. Simultaneously, Fetch.ai's crypto also enjoyed a positive momentum, climbing nearly 12% the previous day. Despite this uptick, the digital currency has yet to overcome its corrective phase and continues to fluctuate beneath a key trendline resistance. Surging Trading Volume Signals Robust Expansion for Fetch.ai Crypto Additionally, volume analysis indicates a significant increase in trading activity for FET Crypto, suggesting a positive outlook. The intraday trading volume surged to $318.17 million, marking an approximate 30% increase from the prior day's volume. Concurrently, market volatility has escalated, with a 17.34% rise noted within the past day. Furthermore, the current circulating supply of FET tokens stands at 848.193 million, in contrast to the total supply of 1.152 billion FET tokens. Moreover, there's been a notable uptick in social metrics such as social dominance and volume, indicating FET's escalating prominence in the crypto market. Typically, heightened social engagement correlates with positive price movements for the cryptocurrency. Fetch.ai Price Forecast: Can It Reach the $5 Milestone? The technical analysis suggests that FET crypto is exhibiting a descending triangle formation on the daily chart, with its price oscillating between a downward-sloping trendline resistance above and a solid horizontal support around the $2 level. Now, For a shift in trend and the initiation of a new bullish cycle, a decisive breakout above the upper trendline is essential. As long as the cryptocurrency remains within this pattern, it's likely to continue its corrective trend. Furthermore, as the overall market shows signs of recovery, it could catalyze a breakout for Fetch.ai as well. Should the breakout be sustained, investors might set their sights on the $3.5 and $5 levels as the forthcoming resistance zones on the upside. Conclusion. Fetch.ai (FET) crypto noted a 12% jump in price yesterday, yet remained in a correction phase under trendline resistance. Furthermore, the trading volume rose by 30% to $318.17 million. Also, the social metrics improved, suggesting growing market influence. Moreover, The daily chart reveals a descending triangle pattern formation which if breaks out could initiate a bullish trend. The market's recovery may prompt this breakout for Fetch.ai. If sustained, the focus could shift to resistance levels at $3.5 and $5.
CRYPTO:FETUSDLong
by Ritika_TCR
1
The Bulls have demonstrated impressive gainsThe Bulls have demonstrated impressive progress in the FET cryptocurrency, with the crypto being mostly bullish since February 2024 and peaking at $3.50 by forming a higher high structure by the end of March 2024. During the first and second weeks of April, prices experienced a correction as bears attempted to intervene but were unsuccessful by the second week, and failed to push the market more downwards in their favor. Meanwhile, Support was established at $1.80, and starting from the third week of April, prices rose slightly after stabilizing at this level. At press time, the FET is currently trading at $2.45 with an intraday surge at 1.33%, and $213.40 million 24-hour volume on major tradeable platforms. Therefore, the price action highlights that the price is optimized for a more spectacular rally in the coming session. Similarly, if the bulls push the market strongly the FET could surpass the supply of $3.50, and in the meantime, the in-between resistance would be $3.00. However, if the FET fails to hold on to critical support of $1.80, then the bears will intervene strongly and push the market downwards to the lower depths.
COINBASE:FETUSDLong
by Sam_TCR
Fetch.ai Price Analysis: Can FET Rise 30% If Surpasses $2.5 MarkFetch.ai price broke out of a short-term consolidation but may encounter selling pressure until it is maintained below the $2.58 level The FET crypto project is experiencing a decline in network growth, which suggests that it is losing its appeal to new investors. As profits increase and participation decreases, some strong investors may choose to sell. Fetch.ai (FET) price has been impacted by recent market corrections, resulting in a decrease in profits for crypto investors. the last couple of sessions have witnessed a significant jump in the price, after the breakout of consolidation. However, the investors fear rejection from the recent supply of the $2.58 level. Can FET Crypto sustain the Breakout or Fade Away? There is a question regarding the sustainability of the FET cryptocurrency's breakout. While some are optimistic about its future, others have concerns that it may eventually fade away. In the recent sessions, the price of FET decreased significantly, causing concern among investors. However, the bulls made a comeback after the price dropped below the 50-day EMA and a short-term consolidation was observed. Currently, the bulls are making an effort to recover as the FET price has broken out of the consolidation and 50-day EMA. However, investors are still apprehensive of another selling pressure since the volume inflow has not supported the breakout. Although recovery is possible, it is likely that FET price needs to show sustenance above the consolidation zone in order to validate the breakout and turn bullish. Despite a significant increase in Fetch.ai's price over the last few sessions, there has been no noticeable increase in volume, suggesting a fear of future selling pressure. Additionally, the daily chart indicates that the price remains below its previous swing high. As the growth in profits is accompanied by a decline in participation, it is feasible that some prominent investors may opt to divest their holdings. Fetch.ai Price DAA Divergence Show Increased Selling Pressure! The above chart displays a correlation between the Fetch.ai price and FET price DAA divergence. As per the chart, It is highly probable that certain investors on the network may not exhibit resilience in the face of the current market situation, which is displaying a clear sell signal. This signal is triggered only when the price and participation move in opposite directions or both act bearishly, causing a divergence with the daily active addresses (DAA). The situation with FET is such that the former conditions are being observed, indicating a high likelihood of triggering selling among investors. Fetch.ai Price Prediction: Can Bulls Outperform? The recent market sessions for Fetch.ai (FET) have shown some positive signs of hope for investors, with a significant increase in price. However, the overall data remains negative, leaving investors confused about the future direction of the market. Given the mixed signals from the market, if the Fetch.ai price can sustain the breakout, it may result in the validation of the termination of a correction phase and a new bullish wave may be observed. On the other hand, if fear increases and the breakout fades away, the price may eventually hit a new swing low and resume its correction phase. Thus, it's essential for investors to keep a close eye on the market trends and indicators to make informed decisions. Conclusion. The price of Fetch.ai (FET) has been impacted by recent market corrections, resulting in a decrease in profits for crypto investors. Although the price has shown some positive signs of hope, investors are still apprehensive of another selling pressure since the volume inflow has not supported the breakout. Currently, The FET price needs to show sustenance above the consolidation zone in order to validate the breakout and turn bullish. The daily chart indicates that the price remains below its previous swing high. The Fetch.ai price and FET price DAA divergence shows increased selling pressure, indicating a high likelihood of triggering selling among investors. Technical levels: Support levels: $1.9 and $1.58 Resistance levels: $2.58 and $3.36
CRYPTO:FETUSDShort
by Ritika_TCR