👀 According to BeinCrypto: $FET Price Prediction
Fetch.ai’s price, trading at $2.54 at the time of writing, failed to breach the resistance marked at $2.85. This level has only been broken through once in the last 90 days. Given the declining support of investors, the situation will likely remain the same in the future.
The Relative Strength Index (RSI) is also currently below the neutral line at 50.0. RSI is a momentum oscillator that measures the speed and change of price movements. It indicates whether a security is overbought or oversold, aiding in identifying potential trend reversals.
The presence of the indicator in the bearish zone is a sign that Fetch.ai’s price is finding difficulty in noting a recovery, leaving it vulnerable to consolidation.
However, if FET falls through the $2.40 support level or breaks out above $2.85, it would potentially invalidate the neutral thesis, resulting in either a rally or a correction.
