FET/USD Breaks Above $0.085 Level

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The Fetch.ai price prediction shows that FET could spike a significant surge as the price breaks above the resistance level of $3500.

Fetch.ai Prediction Statistics Data:

  • Fetch.ai price now – $0.093
  • Fetch.ai market cap – $75.5 million
  • Fetch.ai circulating supply – 818.9 million
  • Fetch.ai total supply – 1.1 billion
  • Fetch.ai Coinmarketcap ranking – #196

FET/USD Market

Key Levels:

Resistance levels: $0.150, $0.160, $0.170

Support levels: $0.035, $0.025, $0.015

Fetch.ai Price Prediction for Today, December 21: FET/USD Breaks Above $0.085 Level
FETUSD – Daily Chart

FET/USD is seen refreshing to a new high after touching the daily low of $0.081 to breach above $0.095 while currently trading at $0.093 with a bullish crossover above the 9-day and 21-day moving averages. While bears are attempting to bring the price down, meanwhile, the bulls may try to collect more on any price dips.

Fetch.ai Price Prediction: Fetch.ai (FET) Could Trigger Fresh Rally

Looking at the daily chart, the Fetch.ai price can only increase the bullish movement if the $0.085 support is maintained at all costs. Currently, the technical indicator Relative Strength Index (14) is likely to cross above 60-level by sending bullish signals into the market which can encourage more buyers to enter the market.

Meanwhile, since the red line of the 9-day moving average stays above the green line of the 21-day moving average, the Fetch.ai (FET) may continue to do well and the market price may reach the resistance levels at $0.150, $0.160, and $0.170 respectively. On the contrary, if the market price decides to make a quick cross below the 21-day moving average, then, there could be a quick bearish drop which may bring the market down to the support levels of $0.035, $0.025, and $0.015 respectively.

When compares with Bitcoin, the Fetch.ai price is hovering above the 9-day and 21-day moving averages as the price faces the upper boundary of the channel. Meanwhile, the technical indicator Relative Strength Index (14) is seen moving towards the 60-level. However, for the fact that the coin keeps trading on average, it is likely to move sideways before deciding on the next direction.

FETBTC – Daily Chart

Moreover, the daily chart reveals that the potential resistance level is located at 800 SAT and above, but a bearish move may likely cancel the bullish pattern, which could attract new sellers coming into the market with the next focus on the support level of 300 SAT and below.

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