Fetch.ai Price Pumps 10% - Experts Predict These 3 AI Coins Are Next Cryptos To Explode In September
Bullish momentum has returned to Fetch.ai's FET token with the price rallying 10% over the past week.
This upside move has propelled FET above its 20-day, 50-day, and 100-day exponential moving averages, which is often viewed as a precursor to further gains.
However, after briefly hitting a multi-month high of $0.2570 earlier today, some selling pressure has since emerged.
FET currently finds itself retesting support around the $0.23 level and its 100-day EMA.
Holding above this area could give FET the necessary groundwork to make another push higher in the near term.
The RSI and MACD histogram are vital indicators of market sentiment and momentum, respectively.
FET's current RSI stands at 60.12, a slight decrease from yesterday's 63.45, suggesting a slightly less overbought situation, which could be a positive development for FET.
The MACD histogram has also increased from 0.0029 to 0.0032, indicating the potential for the current uptrend to continue.
FET's market cap has seen a minor increase of 0.04% to $187.6 million, but the 24-hour trading volume has experienced a significant surge, up by 115.94% to $112.4 million, signaling increased investor interest.
FET is currently priced at $0.2288, experiencing a decrease of 2.14% so far today.
Despite reaching a multi-month high of $0.2570, FET has met with increased selling pressure, which has driven the price down to its current level.
FET is now retesting the 100-day EMA for potential support. The immediate resistance zone for FET is between $0.2453 and $0.2543.
On the other hand, the 100-day EMA of $0.2274 offers immediate support in confluence with the support zone of $0.2274 to $0.2314.
Monitoring these technical indicators and the overall market direction is a key step when signs
Read more on cryptonews.com
